Differentiated oligopolistic markets with concave cost functions via Ky Fan inequalities

A model for Nash-Cournot oligopolistic markets with concave cost functions and a differentiated commodity is analysed. Equilibrium states are characterized through Ky Fan inequalities. Relying on the minimization of a suitable merit function, a general algorithmic scheme for solving them is provided. Two concrete algorithms are therefore designed that converge under suitable convexity and monotonicity assumptions. The results of preliminary numerical tests on randomly generated markets are also reported.

Citation

Technical Report 2363, Dipartimento di Informatica, Università di Pisa

Article

Download

View Differentiated oligopolistic markets with concave cost functions via Ky Fan inequalities