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Electronic Data Center

Journal of Automation and Information Sciences

 

ISSN for PRINT: 1064-2315

Institutional price:

$2573.00

Issues per year:

12

For Online Access

Best Paper Award Selection - Editorial Board Site

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2008, Volume40

Issue 7

  83 pages  

   

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Issue price - $257.00  

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  • The Cournot−Nash Equilibrium under Mutual Uncertainty
  • Vasiliy M. Gorbachuk
    V.M. Glushkov Institute of Cybernetics of National Academy of Sciences of Ukraine, Kiev, Ukraine


    ABSTRACT

    The role of planning and forecasting by the example of companies behaviour under asymmetric uncertainty is shown. The company with a more narrow range of uniform distribution for outputs becomes leader, and a company with a broader range of outputs becomes a follower while generalized Cournot−Stackelberg−Nash equilibrium. The equilibrium profit of a leader is greater than the equilibrium profit of a follower.

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