[P2P-F] theory of oligopoly (1838)

Thu Aug 11 08:36:06 CEST 2011

Thanks Michel !

pasted it here :

http://p2pfoundation.net/Talk:Asymmetric_Competition

( further edits / suggestions welcomed )

On Thu, Aug 11, 2011 at 8:12 AM, Michel Bauwens <michel at p2pfoundation.net>wrote:

> 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.
>>>>
>>>>
>>>>
>>>>
>>>
>>>
>>> --
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>>>
>>
>
>
> --
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>
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