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Explicit Stability Zones for Cournot Game with 3 and 4 Competitors

✍ Scribed by H.N. Agiza

Publisher: Elsevier Science
Year: 1998
Tongue: English
Weight: 569 KB
Volume: 9
Category: Article
ISSN: 0960-0779
DOI: 10.1016/s0960-0779(98)00006-x

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✦ Synopsis

The dynamical system of 2 and 3 competitors in a Cournot game is studied[ The stability of its _xed points "Nash!equilibria# are also investigated[ The stable and unstable regions are explicitly shown[ The bifurcation characteristics are found[ Periodic orbits with di}erent periods 6\ 14\ 07\ 02\ 06 etc[\ are detected in both cases[ The study of these models is very rich in bifurcation phenomena[

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