Dynamics of a Cournot Duopoly Game with a Generalized Bounded Rationality
نویسندگان
چکیده
منابع مشابه
Dynamics of a delayed duopoly game with bounded rationality
A bounded rationality duopoly game with delay is formulated. Its dynamical evolution is analyzed. The existence of an economic equilibrium of the game is derived. The local stability analysis has been carried out. The analysis showed that firms using delayed bounded rationality have a higher chance of reaching a Nash equilibrium point. Numerical simulations were used to show bifurcation diagram...
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A dynamic Cournot duopoly game, characterized by finns with bounded rationality, is represented by a discrete-time dynamical system of the plane. Conditions ensuring the local stability ofa Nash equilibrium, under a local (or myopic) adjustment process, are given, and the influence ofmarginal costs and speeds ofadjustment of the two finns on stability is studied. The stability loss ofthe Nash e...
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In this work, we investigate a time delay structure for the dynamic system of Cournot investment game played by two heterogeneous players. One player adjusts its investment decision by the locally marginal profit while the other player makes its strategy via its marginal profit with time delay. The existence and stability of equilibrium solutions is discussed. To show how the stability of this ...
متن کاملAnalysis on the dynamics of a Cournot investment game with bounded rationality
Article history: Accepted 21 February 2014 Available online 28 March 2014
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This paper explores the idea of cournot duopoly with homogenous expectations in a context of bounded rationality, where two semipublic firms endeavor to maximize the weighted average of social welfare and their own profit. The stability analysis of the fixed points are analyzed and complex dynamic features including period doubling bifurcations of the unique Nash equilibrium is also investigate...
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ژورنال
عنوان ژورنال: Complexity
سال: 2020
ISSN: 1076-2787,1099-0526
DOI: 10.1155/2020/8903183