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Equilibrium selection in a nonlinear duopoly game with adaptive expectations

โœ Scribed by Gian Italo Bischi; Michael Kopel


Book ID
117349849
Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
367 KB
Volume
46
Category
Article
ISSN
0167-2681

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Nonlinear dynamics in a heterogeneous du
โœ Tomasz Dubiel-Teleszynski ๐Ÿ“‚ Article ๐Ÿ“… 2011 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 934 KB

A repeated, discrete time, heterogeneous Cournot duopoly game with bounded rational and adaptive players adjusting the quantities of production is subject of investigation. Linear inverse demand function and quadratic cost functions reflecting decreasing returns to scale are assumed. The game is mod