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
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