Authors
Citation
M. Dufwenberg, Teaching Cournot without derivatives, J ECON EDUC, 32(1), 2001, pp. 36-40
Citations number
3
Categorie Soggetti
Economics
Journal title
JOURNAL OF ECONOMIC EDUCATION
ISSN journal
00220485
→ ACNP
Volume
32
Issue
1
Year of publication
2001
Pages
36 - 40
Database
ISI
SICI code
0022-0485(200124)32:1<36:TCWD>2.0.ZU;2-P
Abstract
The author presents a simple technique for teaching the Cournot model to fi
rst-year students. The approach involves demonstrating to the students that
out of all rectangles with a common perimeter, the square has the greatest
area. No use is made of derivatives. The same approach can be used to unde
rstand some other market forms.