Cournot Competition and Endogenous Firm SizeReportar como inadecuado

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1 Department of Economics 2 OFCE - OFCE

Abstract : We study the dynamics of firm size in a repeated Cournot game with unkown demand function.We model the firm as a type of artificial neural network. Each period it must learn to map environmental signals to both demand parameters and its rival-s output choice. But this learning game is in the background, as we focus on the endogenous adjustment of network size. We investigate the long-run behavior of firm-network size as a function of profits, rival-s size, and the type of adjustment rules used.

Keywords : Firm size adjustment dynamics artificial neural networks Cournot games

Autor: Jason Barr - Francesco Saraceno -



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