Research Papers in Economics, Department of Economics, Stockholm University
No 1999:5:
Teaching Cournot without Derivatives
Martin Dufwenberg ()
Abstract: A simple technique for teaching the Cournot model to first
year students is presented. The approach involves convincing the students
that out of all rectangles with a common circumference, the square has the
greatest area. No use is made of derivatives. The same approach can be used
to understand some other market forms.
Keywords: Cournot model; teaching; first year students; derivatives; rectangle method; (follow links to similar papers)
JEL-Codes: A22; (follow links to similar papers)
5 pages, September 13, 1999
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