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Nash equilibrium
(redirected from Cournot-Nash equilibrium)

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Noun1.Nash equilibrium - (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged
game theory, theory of games - (economics) a theory of competition stated in terms of gains and losses among opposing players
equilibrium - a stable situation in which forces cancel one another
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This can be calculated by the fact that a Cournot-Nash equilibrium in a duopoly, under a linear demand curve, results in each firm producing one-third of the competitive level of output.
A proposed solution to the problem of parallel pricing in ... by Devlin, Alan / Stanford Law Review
The fuzzy duopoly game as defined above has a Cournot-Nash equilibrium.
Games in fuzzy environments by Sarangi, Sudipta / Southern Economic Journal
We first examine the firms' Cournot-Nash equilibrium outputs and profits in the absence of any strategic considerations.
Imperfect competition, debt, and exit by Kanatas, George; Qi, Jianping / Financial Management
 
 
 
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