{"id":21756,"date":"2005-04-29T21:25:40","date_gmt":"2005-04-29T19:25:40","guid":{"rendered":"https:\/\/www.criep.eu\/?p=21756"},"modified":"2022-06-21T10:29:45","modified_gmt":"2022-06-21T08:29:45","slug":"fontini-f-2005-cournot-oligopoly-under-strategic-uncertainty-with-optimistic-and-pessimistic-firms-metroeconomica-563-318-333","status":"publish","type":"post","link":"https:\/\/www.criep.eu\/en\/fontini-f-2005-cournot-oligopoly-under-strategic-uncertainty-with-optimistic-and-pessimistic-firms-metroeconomica-563-318-333\/","title":{"rendered":"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333."},"content":{"rendered":"<p><a href=\"https:\/\/www.criep.eu\/author\/ffontini\/\" target=\"_blank\" rel=\"noopener\">Fontini F.<\/a> (2005).<\/p>\n<p><strong>Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms.<\/strong> <a href=\"https:\/\/onlinelibrary.wiley.com\/doi\/abs\/10.1111\/j.1467-999X.2005.00219.x?casa_token=eiCMQqCjsQoAAAAA:L7NwT4rZm5WT4-3k_UtJDB9cYEgMP10jAzksH1vfFwLdzIJVD9XKfX5o9yrFx83EifLB4t5MzsUB7A\" target=\"_blank\" rel=\"noopener\">Metroeconomica, Volume 56, Issue 3, pp. 318-333.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Abstract:<\/strong><\/p>\n<p>In this paper the Cournot oligopoly under uncertainty is analyzed by means of the Choquet Expected Utility (CEU) theory. Firms are supposed to be either optimistic (CEU maximizers who hold concave capacities) or pessimistic (convex capacities). Reaction functions, equilibrium quantities, prices and profits are derived and compared for different degrees of uncertainty and uncertainty attitude (optimism or pessimism). It is proved that optimists make higher profits than pessimists whenever uncertainty is sufficiently low. If it is high just optimists participate in the market making losses. An interpretation of the main results in terms of the market&#8217;s level of maturity is provided.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. &nbsp; &nbsp; Abstract: In this&hellip;<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[1964,1962,425,1963],"coauthors":[1833],"class_list":["post-21756","post","type-post","status-publish","format-standard","hentry","category-pubblicazioni","tag-corporate-profits","tag-oligopolies","tag-uncertainty","tag-utility-theory","category-32","description-off"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. Abstract: In this paper the Cournot oligopoly under uncertainty is analyzed by means of the Choquet Expected Utility (CEU) theory. Firms are supposed to be either optimistic (CEU maximizers who hold concave capacities)\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Fulvio Fontini\"\/>\n\t<meta name=\"keywords\" content=\"corporate profits,oligopolies,uncertainty,utility theory\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.criep.eu\/en\/fontini-f-2005-cournot-oligopoly-under-strategic-uncertainty-with-optimistic-and-pessimistic-firms-metroeconomica-563-318-333\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.4\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Criep | Interuniversity Research Centre of Public Economics\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. | Criep\" \/>\n\t\t<meta property=\"og:description\" content=\"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. Abstract: In this paper the Cournot oligopoly under uncertainty is analyzed by means of the Choquet Expected Utility (CEU) theory. Firms are supposed to be either optimistic (CEU maximizers who hold concave capacities)\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.criep.eu\/en\/fontini-f-2005-cournot-oligopoly-under-strategic-uncertainty-with-optimistic-and-pessimistic-firms-metroeconomica-563-318-333\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2005-04-29T19:25:40+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2022-06-21T08:29:45+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. | Criep\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. Abstract: In this paper the Cournot oligopoly under uncertainty is analyzed by means of the Choquet Expected Utility (CEU) theory. Firms are supposed to be either optimistic (CEU maximizers who hold concave capacities)\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.criep.eu\\\/en\\\/fontini-f-2005-cournot-oligopoly-under-strategic-uncertainty-with-optimistic-and-pessimistic-firms-metroeconomica-563-318-333\\\/#article\",\"name\":\"Fontini F. (2005). 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Metroeconomica, Volume 56, Issue 3, pp. 318-333. | Criep","twitter:description":"Fontini F. (2005). Cournot oligopoly under strategic uncertainty with optimistic and pessimistic firms. Metroeconomica, Volume 56, Issue 3, pp. 318-333. Abstract: In this paper the Cournot oligopoly under uncertainty is analyzed by means of the Choquet Expected Utility (CEU) theory. 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