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Calmness of a Perturbed Cournot Oligopoly Game with Nonsmooth Cost Functions.

Authors :
Maréchal, Matthieu
Source :
Set-Valued & Variational Analysis; Mar2022, Vol. 30 Issue 1, p119-142, 24p
Publication Year :
2022

Abstract

This article deals with the calmness of a solution map for a Cournot Oligopoly Game with non-smooth cost functions. The fact that the cost functions are not supposed to be differentiable allows to consider cases where some firms have different units of production, with different marginal costs. In order to obtain results concerning calmness, we use a new technique based on an outer coderivative and on a mathematical induction on the number of players. It is concluded that the methodology used for the proofs can be replicated, in order to study the metric subregularity and calmness of multifunctions in a more general way. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18770533
Volume :
30
Issue :
1
Database :
Complementary Index
Journal :
Set-Valued & Variational Analysis
Publication Type :
Academic Journal
Accession number :
155685272
Full Text :
https://doi.org/10.1007/s11228-021-00577-1