Current Volume 8
Cournot Competition and Strategic Output Decisions in The Butali and Nzoia Kenyan Sugar Industries: A Game Theory Perspective
Abstract
This study explored the strategic output decisions of Butali and Nzoia Sugar Companies in Kenya through the lens of Cournot competition, a foundational model in game theory for analyzing oligopolistic markets. By analyzing production data, market prices, and cost structures, the study derives equilibrium outputs and compares them to actual firm behavior. Findings reveal substantial deviations from theoretical predictions, highlighting inefficiencies, policy influences, and structural constraints in the industry. The findings contribute to a better understanding of industrial dynamics within the Kenyan agricultural processing sector and provide policy recommendations for enhancing efficiency and competitiveness.
Citations
IRE Journals:
Noel Luvanga Mulievi , Dr. Yasin Ghabon
"Cournot Competition and Strategic Output Decisions in The Butali and Nzoia Kenyan Sugar Industries: A Game Theory Perspective" Iconic Research And Engineering Journals Volume 8 Issue 11 2025 Page 1778-1785
IEEE:
Noel Luvanga Mulievi , Dr. Yasin Ghabon
"Cournot Competition and Strategic Output Decisions in The Butali and Nzoia Kenyan Sugar Industries: A Game Theory Perspective" Iconic Research And Engineering Journals, 8(11)
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IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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