Scandinavian Working Papers in Economics
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Department of Economics, Stockholm University 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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