[P2P-F] theory of oligopoly (1838)

[Michel Bauwens]

I do talk about it, but don't have a specific reference in the wik (
http://p2pfoundation.net/Asymmetric_Competition)

You could always create an entry and add the [[Category:Economics]] or
[[Category:Cooperation]], both existing sections,

we do have an extensive section on open business models,
http://p2pfoundation.net/Category:Business_Models

Michel

On Thu, Aug 11, 2011 at 1:06 PM, Dante-Gabryell Monson <
dante.monson at gmail.com> wrote:

> I m trying to find out on the p2pf wiki about existing pages on
> "out-cooperation".
>
> Michel, I remember, but can not find its reference, that you may have
> talked in the past about something like " open source collaboration business
> models having a competitive advantage on closed proprietary business models
> , hence out-cooperating them" ?
>
> Possibly the links below could be added to a talk page and one could
> attempt to understand how, possibly mathematically, collaboration may
> influence on such equilibrium hypothesis ?
>
>
> On Thu, Aug 11, 2011 at 7:56 AM, Michel Bauwens <michel at p2pfoundation.net>wrote:
>
>> thanks dante,
>>
>> Michel
>>
>>
>> On Thu, Aug 11, 2011 at 12:53 PM, Dante-Gabryell Monson <
>> dante.monson at gmail.com> wrote:
>>
>>> http://en.wikipedia.org/wiki/Nash_equilibrium#History
>>>
>>> A version of the Nash equilibrium concept was first used by Antoine
>>> Augustin Cournot <http://en.wikipedia.org/wiki/Antoine_Augustin_Cournot> in
>>> his theory of oligopoly (1838). In Cournot's theory, firms choose how much
>>> output to produce to maximize their own profit. However, the best output for
>>> one firm depends on the outputs of others. A Cournot equilibrium<http://en.wikipedia.org/wiki/Cournot_equilibrium> occurs
>>> when each firm's output maximizes its profits given the output of the other
>>> firms, which is a pure strategy<http://en.wikipedia.org/wiki/Pure_strategy> Nash
>>> Equilibrium.
>>>
>>> http://en.wikipedia.org/wiki/Cournot_equilibrium
>>>
>>>  It has the following features:
>>>
>>>    - There is more than one firm and all firms produce a homogeneous<http://en.wiktionary.org/wiki/Homogeneous>
>>>     product <http://en.wikipedia.org/wiki/Product_%28business%29>, i.e.
>>>    there is no product differentiation<http://en.wikipedia.org/wiki/Product_differentiation>
>>>    ;
>>>    - Firms do not cooperate, i.e. there is no collusion<http://en.wikipedia.org/wiki/Collusion>
>>>    ;
>>>    - Firms have market power <http://en.wikipedia.org/wiki/Market_power>,
>>>    i.e. each firm's output decision affects the good's price;
>>>    - The number of firms is fixed;
>>>    - Firms compete in quantities, and choose quantities simultaneously;
>>>    - The firms are economically rational and act strategically<http://en.wikipedia.org/wiki/Game_theory>,
>>>    usually seeking to maximize profit given their competitors' decisions.
>>>
>>>
>>>
>>>
>>
>>
>> --
>> P2P Foundation: http://p2pfoundation.net  - http://blog.p2pfoundation.net
>>
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>>
>


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