Shows how a new Competitor to the Market could use a Cournot Competititon Model to optimize both Production Capacity then Price. Cournot Competition is used when a Competitor would first set their Output Capacity and then set their Profit Maximizing Price.
Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition
A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website:
https://scientificstrategy.com/ms-182/
Workflow
[Market Simulation] MS-182 Cournot Competition for Market Entry
External resources
Used extensions & nodes
Created with KNIME Analytics Platform version 4.3.0
- Go to item
KNIME AG, Zurich, Switzerland
Versions 3.5.3, 4.3.0
- Go to item
KNIME AG, Zurich, Switzerland
Version 4.3.0
- Go to item
KNIME AG, Zurich, Switzerland
Version 4.3.0
- Go to item
Decision Ready, LLC
Version 4.3.0
Legal
By using or downloading the workflow, you agree to our terms and conditions.