Detecting simple dynamics in Cournot-like models

✍ Scribed by Juan Luis García Guirao; Raquel García Rubio

• Book ID: 104006926
• Publisher: Elsevier Science
• Year: 2009
• Tongue: English
• Weight: 373 KB
• Volume: 233
• Category: Article
• ISSN: 0377-0427
• DOI: 10.1016/j.cam.2009.09.002

✦ Synopsis

a b s t r a c t

We introduced the so-called Cournot-like models, i.e. n-dimensional discrete dynamical systems which constitute the mathematical environment for modeling some economic and biological processes. The main aim of this work is to present a characterization of the dynamical simplicity for these types of systems through the property ''to have zero topological entropy''. Cournot-like systems generalize the well-known economic situation of competition in a duopolistic market introduces by Cournot in 1838.