Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53425 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Nota di Lavoro No. 32.2009
Publisher: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Abstract: 
Suppose markets and firms are connected in a bi-partite network, where firms can only supply to the markets they are connected to. Firms compete a la Cournot and decide how much to supply to each market they have a link with. We assume that markets have linear demand functions and firms have convex quadratic cost functions. We show there exists a unique equilibrium in any given network of firms and markets. We provide a formula which expresses the quantities at an equilibrium as a function of a network centrality measure.
Subjects: 
Cournot Markets
Networks
Nash Equilibrium
Centrality Measures
JEL: 
C62
C72
D85
L11
Document Type: 
Working Paper

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