How-to: Solve the Cournot duopoly model (part 1)

In this blog post I will explain the Cournot oligopoly model. If you have followed a basic micro economics course you are most likely already familiar with it. The Cournot model is part of a range of oligopoly models that try to capture the strategic interaction between firms that arises if there is only a limited amount of competition (in the sense that there are only a small number of sellers of a product).

I have divided this blog post up in to three parts. Part 1 will setup the model, Part 2 will solve the model, Part 3 will generalize the model and compare the outcomes to a monopoly. At the end you should have a good understand of the Cournot model and its implications.

Warning: long post will follow!

How-to: Solve the Cournot duopoly model (part 2)

In part 1 the model was setup we will now continue with solving it.

How-to: Solve the Cournot duopoly model (part 3)

In part 1 we had the model setup, in part 2 we have solved the model. Now in part 3 we will generalize the model.

How-to: write math in blogger

This first blogpost will be special. Obviously because it is the first but also because it will not be about economics. It is, however, about the first problem I needed to solve before starting this blog. Namely, how can you write math equations in blogger? Economics uses quite a bit of math, and not be able to write it would have meant the end of my blog before it ever came into existence. I will mostly provide links to other pages as they do a fine job about explaining what to do.