Top 3 Models of Duopoly (With Diagram)
The following points highlight the top three models of duopoly. The models are: 1. The Cournot Model 2. The Stackelberg Model 3. The Chamberlin Model. Duopoly Model # 1. The Cournot Model: The oldest determinate solution to the duopoly problem is by the French economist, A.A. Cournot in 1838, who took the case of two mineral water springs situated side [...]