Multistability and path dependence in a dynamic brand competition model (Q1433618): Difference between revisions

From MaRDI portal
ReferenceBot (talk | contribs)
Changed an Item
Set OpenAlex properties.
 
Property / full work available at URL
 
Property / full work available at URL: https://doi.org/10.1016/s0960-0779(02)00677-x / rank
 
Normal rank
Property / OpenAlex ID
 
Property / OpenAlex ID: W1997014769 / rank
 
Normal rank

Latest revision as of 09:54, 30 July 2024

scientific article
Language Label Description Also known as
English
Multistability and path dependence in a dynamic brand competition model
scientific article

    Statements

    Multistability and path dependence in a dynamic brand competition model (English)
    0 references
    0 references
    0 references
    1 July 2004
    0 references
    The authors introduce a dynamic market share attraction model. In contrast to existing studies which often focus only on the local dynamics and may be demonstrate the possibility of cyclic and erratic fluctuations, the paper provides some insight into the properties of the global dynamical behaviour, that is the authors try to characterize the attractors and their corresponding basins. The authors show that situations of multistability may arise. The combination of rigorous arguments and numerical experiments give an insightful characterization of the wide array of possible dynamics which can arise in this model of brand competition.
    0 references
    0 references
    attractor
    0 references
    local and global dynamics
    0 references
    multistability
    0 references
    economic system
    0 references
    0 references