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Journal Articles Journal of Evolutionary Economics Year : 2008

Cournot competition and endogenous firm size

Abstract

The paper studies the dynamics of firm size in a repeated Cournot game with unknown demand function. We model the firm as a type of artificial neural network. Each period it must learn to map environmental signals to both a demand parameter and its rival’s output choice. However, this learning game is in the background, as we focus on the endogenous adjustment of network size. We investigate the long-run evolution of firm/network size as a function of profits, rival’s size, and the type of adjustment rules used.

Dates and versions

hal-03417080 , version 1 (05-11-2021)

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Cite

Francesco Saraceno, Jason Barr. Cournot competition and endogenous firm size. Journal of Evolutionary Economics, 2008, 18 (5), pp.615 - 638. ⟨10.1007/s00191-008-0111-y⟩. ⟨hal-03417080⟩

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