COURNOT COMPETITION
Economic model describing a market situation in which competing companies make the same homogeneous and agree to produce a number of undifferentiated product simultaneously. The model creates numerous assumptions including the firms cannot collude or create a cartel, and seek to maximize profit based on their rivals’ decisions. Also, each company’s output decision is presumed to influence the product price. In 1838, French Mathematician Augustin Cournot introduced the model.
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ECONOMIC CALENDAR
Time | Country | Indices | Period |
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07:00 | Leading Indicators | Jan | |
07:00 | Leading Indicators | Jan | |
13:00 | CBI retail sales volume balance | Mar | |
13:00 | CBI retail sales volume balance | Mar | |
14:25 | FOMC Member Raphael W. Bostic Speaks | ||
14:25 | FOMC Member Raphael W. Bostic Speaks | ||
16:00 | New Home Sales | Feb | |
16:00 | New Home Sales | Feb | |
01:30 | Westpac Consumer Sentiment | Mar |