Conjectural variation
id:
conjectural-variation-288-3910074
title:
Conjectural variation
text:
In oligopoly theory, conjectural variation is the belief that one firm has an idea about the way its competitors may react if it varies its output or price. The firm forms a conjecture about the variation in the other firm's output that will accompany any change in its own output. For example, in the classic Cournot model of oligopoly, it is assumed that each firm treats the output of the other firms as given when it chooses its output. This is sometimes called the "Nash conjecture," as it under
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Conjectural_variation
date created:
date modified:
2023-04-29T09:09:20Z
main entity:
{"identifier":"Q5161131","url":"https://www.wikidata.org/entity/Q5161131"}
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