• Title of article

    Differentiable comparative statics with payoff functions not differentiable everywhere

  • Author/Authors

    Corchon، Luis C. نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    -396
  • From page
    397
  • To page
    0
  • Abstract
    In this note we consider Cournot oligopoly. Due to the consideration of several consumers and/or technologies, the profit function is not differentiable everywhere. We show that Cournot equilibrium never occurs in outputs where profit functions are not-differentiable. This result validates the procedure of differentiating profit functions to perform comparative statics in models where profit functions are not differentiable everywhere.
  • Keywords
    Distance , Function , Homotheticity , Directional , translation
  • Journal title
    Economics Letters
  • Serial Year
    2001
  • Journal title
    Economics Letters
  • Record number

    21723