Exotic phenomena in games and duopoly models
โ Scribed by David Rand
- Publisher
- Elsevier Science
- Year
- 1978
- Tongue
- English
- Weight
- 629 KB
- Volume
- 5
- Category
- Article
- ISSN
- 0304-4068
No coin nor oath required. For personal study only.
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A dynamic Cournot duopoly game, whose time evolution is modeled by the iteration of a map X xY y 3 r 1 yY r 2 x, is considered. Results on the existence of cycles and more complex attractors are given, based on the study of the one-dimensional map p x r 1 r 2 x. The property of multistability, i.e.
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