Annals of Operations Research

, Volume 89, Issue 0, pp 165–173 | Cite as

Nonlinear dynamics in the Cournot modelwithout full information

  • D. Léonard
  • K. Nishimura


A Cournot model with an arbitrary nonlinear demand function and where firms do notobserve their rival's actions directly is shown to allow mistaken beliefs to persist. Thesealter the original equilibrium state and, in a range of beliefs, destroy its stability and createcycles. The dynamics of the Cournot model are therefore fundamentally affected.


Equilibrium State Nonlinear Dynamic Demand Function Full Information Mistaken Belief 
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Copyright information

© Kluwer Academic Publishers 1999

Authors and Affiliations

  • D. Léonard
  • K. Nishimura

There are no affiliations available

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