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Court in English Glenn Safer Rutgers Business School safer×business. Rutgers. Edith GameTheoretic Probability and Finance Project Working Paper #48 First posted April 16, 2017. Last revised September
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Cournot is a mathematical model used to describe competition among firms in an oligopoly.
Firms operating in industries with a small number of competitors are typically required to file Cournot models.
To fill out a Cournot model, firms need to determine their market share, cost structure, and pricing strategy.
The purpose of Cournot models is to analyze the competitive behavior of firms and predict market outcomes.
Cournot models require information on firm's cost functions, demand in the market, and the number of competitors.
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