Competitive Approximation of a Cournot Market
受Novshek（1980）启发，采用动态随机方法研究自由进入的古诺市场的竞争近似精度，认为该方法更省力且更具一般性。
Stimulated by the work of Novshek (1980), this paper concerns the accuracy of the competitive approximation to a Cournot market with free entry. Novshek took a static equilibrium approach to the problem. This paper takes a dynamic stochastic approach, one which allows persistent disequilibrium. It is argued that the alternative approach yields similar results with less effort and, in some senses, with greater generality.