StudentsEducators

Cournot Competition

Cournot Competition is a model of oligopoly in which firms compete on the quantity of output they produce, rather than on prices. In this framework, each firm makes an assumption about the quantity produced by its competitors and chooses its own production level to maximize profit. The key concept is that firms simultaneously decide how much to produce, leading to a Nash equilibrium where no firm can increase its profit by unilaterally changing its output. The equilibrium quantities can be derived from the reaction functions of the firms, which show how one firm's optimal output depends on the output of the others. Mathematically, if there are two firms, the reaction functions can be expressed as:

q1=R1(q2)q_1 = R_1(q_2)q1​=R1​(q2​) q2=R2(q1)q_2 = R_2(q_1)q2​=R2​(q1​)

where q1q_1q1​ and q2q_2q2​ represent the quantities produced by Firm 1 and Firm 2 respectively. The outcome of Cournot competition typically results in a lower total output and higher prices compared to perfect competition, illustrating the market power retained by firms in an oligopolistic market.

Other related terms

contact us

Let's get started

Start your personalized study experience with acemate today. Sign up for free and find summaries and mock exams for your university.

logoTurn your courses into an interactive learning experience.
Antong Yin

Antong Yin

Co-Founder & CEO

Jan Tiegges

Jan Tiegges

Co-Founder & CTO

Paul Herman

Paul Herman

Co-Founder & CPO

© 2025 acemate UG (haftungsbeschränkt)  |   Terms and Conditions  |   Privacy Policy  |   Imprint  |   Careers   |  
iconlogo
Log in

Wavelet Transform

The Wavelet Transform is a mathematical technique used to analyze and represent data in a way that captures both frequency and location information. Unlike the traditional Fourier Transform, which only provides frequency information, the Wavelet Transform decomposes a signal into components that can have localized time and frequency characteristics. This is achieved by applying a set of functions called wavelets, which are small oscillating waves that can be scaled and translated.

The transformation can be expressed mathematically as:

W(a,b)=∫−∞∞f(t)ψa,b(t)dtW(a, b) = \int_{-\infty}^{\infty} f(t) \psi_{a,b}(t) dtW(a,b)=∫−∞∞​f(t)ψa,b​(t)dt

where W(a,b)W(a, b)W(a,b) represents the wavelet coefficients, f(t)f(t)f(t) is the original signal, and ψa,b(t)\psi_{a,b}(t)ψa,b​(t) is the wavelet function adjusted by scale aaa and translation bbb. The resulting coefficients can be used for various applications, including signal compression, denoising, and feature extraction in fields such as image processing and financial data analysis.

Hahn-Banach Theorem

The Hahn-Banach Theorem is a fundamental result in functional analysis that extends the concept of linear functionals. It states that if you have a linear functional defined on a subspace of a vector space, it can be extended to the entire space without increasing its norm. More formally, if p:U→Rp: U \to \mathbb{R}p:U→R is a linear functional defined on a subspace UUU of a normed space XXX and ppp is dominated by a sublinear function ϕ\phiϕ, then there exists an extension P:X→RP: X \to \mathbb{R}P:X→R such that:

P(x)=p(x)for all x∈UP(x) = p(x) \quad \text{for all } x \in UP(x)=p(x)for all x∈U

and

P(x)≤ϕ(x)for all x∈X.P(x) \leq \phi(x) \quad \text{for all } x \in X.P(x)≤ϕ(x)for all x∈X.

This theorem has important implications in various fields such as optimization, economics, and the theory of distributions, as it allows for the generalization of linear functionals while preserving their properties. Additionally, it plays a crucial role in the duality theory of normed spaces, enabling the development of more complex functional spaces.

Mahler Measure

The Mahler Measure is a concept from number theory and algebraic geometry that provides a way to measure the complexity of a polynomial. Specifically, for a given polynomial P(x)=anxn+an−1xn−1+…+a0P(x) = a_n x^n + a_{n-1} x^{n-1} + \ldots + a_0P(x)=an​xn+an−1​xn−1+…+a0​ with ai∈Ca_i \in \mathbb{C}ai​∈C, the Mahler Measure M(P)M(P)M(P) is defined as:

M(P)=∣an∣∏i=1nmax⁡(1,∣ri∣),M(P) = |a_n| \prod_{i=1}^{n} \max(1, |r_i|),M(P)=∣an​∣i=1∏n​max(1,∣ri​∣),

where rir_iri​ are the roots of the polynomial P(x)P(x)P(x). This measure captures both the leading coefficient and the size of the roots, reflecting the polynomial's growth and behavior. The Mahler Measure has applications in various areas, including transcendental number theory and the study of algebraic numbers. Additionally, it serves as a tool to examine the distribution of polynomials in the complex plane and their relation to Diophantine equations.

Supercapacitor Charge Storage

Supercapacitors, also known as ultracapacitors, are energy storage devices that bridge the gap between conventional capacitors and batteries. They store energy through the electrostatic separation of charges, utilizing a large surface area of porous electrodes and an electrolyte solution. The key advantage of supercapacitors is their ability to charge and discharge rapidly, making them ideal for applications requiring quick bursts of energy. Unlike batteries, which rely on chemical reactions, supercapacitors store energy in an electric field, resulting in a longer cycle life and better performance at high power densities. Their energy storage capacity is typically measured in farads (F), and they can achieve energy densities ranging from 5 to 10 Wh/kg, making them suitable for applications like regenerative braking in electric vehicles and power backup systems in electronics.

Legendre Polynomials

Legendre polynomials are a sequence of orthogonal polynomials that arise in solving problems in physics and engineering, particularly in potential theory and quantum mechanics. They are defined on the interval [−1,1][-1, 1][−1,1] and are denoted by Pn(x)P_n(x)Pn​(x), where nnn is a non-negative integer. The polynomials can be generated using the recurrence relation:

P0(x)=1,P1(x)=x,Pn+1(x)=(2n+1)xPn(x)−nPn−1(x)n+1P_0(x) = 1, \quad P_1(x) = x, \quad P_{n+1}(x) = \frac{(2n + 1)x P_n(x) - n P_{n-1}(x)}{n + 1}P0​(x)=1,P1​(x)=x,Pn+1​(x)=n+1(2n+1)xPn​(x)−nPn−1​(x)​

These polynomials exhibit several important properties, such as orthogonality with respect to the weight function w(x)=1w(x) = 1w(x)=1:

∫−11Pm(x)Pn(x) dx=0for m≠n\int_{-1}^{1} P_m(x) P_n(x) \, dx = 0 \quad \text{for } m \neq n∫−11​Pm​(x)Pn​(x)dx=0for m=n

Legendre polynomials also play a critical role in the expansion of functions in terms of series and in solving partial differential equations, particularly in spherical coordinates, where they appear as solutions to Legendre's differential equation.

Game Tree

A Game Tree is a graphical representation of the possible moves in a strategic game, illustrating the various outcomes based on players' decisions. Each node in the tree represents a game state, while the edges represent the possible moves that can be made from that state. The root node signifies the initial state of the game, and as players take turns making decisions, the tree branches out into various nodes, each representing a subsequent game state.

In two-player games, we often differentiate between the players by labeling nodes as either max (the player trying to maximize their score) or min (the player trying to minimize the opponent's score). The evaluation of the game tree can be performed using algorithms like minimax, which helps in determining the optimal strategy by backtracking from the leaf nodes (end states) to the root. Overall, game trees are crucial in fields such as artificial intelligence and game theory, where they facilitate the analysis of complex decision-making scenarios.