Best Study Material for UPSC Exam
Table of contents |
|
Cournot’s Duopoly Model |
|
Chembelrin’s Duopoly Model |
|
Bertrand’s Duopoly Model |
|
Edgeworth’s Duopoly Model |
|
Augustin Cournot was a French economist. He was the first one to develop a formal duopoly model in the year 1838.
Assumptions of the Cournot Model
Diagrammatic Representation
Criticism of Cournot’s Model
The Chamberlin Model
Appraisal of the Model
Criticism of the Model
![]() |
Download the notes
Market Structure: Duopoly
|
Download as PDF |
Edgeworth’s Duopoly Model came up in 1897. He follows Bertrans’s assumption that each seller assumes his rival’s price instead of his output, to remain constant.
Representation of Edgeworth’s Model of Duopoly
66 videos|170 docs|73 tests
|
1. What is the Cournot's Duopoly Model? | ![]() |
2. What is the Chembelrin's Duopoly Model? | ![]() |
3. What is the Bertrand's Duopoly Model? | ![]() |
4. What is Edgeworth's Duopoly Model? | ![]() |
5. How do these duopoly models contribute to the understanding of market structures? | ![]() |