Cournot Equilibrium with Free Entry: The Case of Decreasing Average Cost Functions
研究同质商品市场中,当市场规模无限扩大时,自由进入的古诺均衡的渐近性质,特别关注平均成本始终递减且边际成本非递减的情形。
This paper investigates, in the context of a market for a homogeneous commodity, the asymptotic properties of Cournot equilibria with free entry when the size of the market increases indefinitely. The analysis focuses on the case where the average cost function is always decreasing and the marginal cost function is non-decreasing for all sufficiently large outputs.