Endogenous fluctuations under evolutionary pressure in Cournot competition (Q1864816): Difference between revisions
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Revision as of 05:59, 5 March 2024
scientific article
| Language | Label | Description | Also known as |
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| English | Endogenous fluctuations under evolutionary pressure in Cournot competition |
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Endogenous fluctuations under evolutionary pressure in Cournot competition (English)
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23 March 2003
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This paper deals with a simple version of a Cournot duopoly model with a singleinterior Nash equilibrium and a best-reply curve which is linear in the other firm's production level. It is shown that if the best-reply curve is unstable, this may lead to a complecated dynamic. It is also shown that the presented theory could as well be applied to other games with a continuous action space. One numerical experimenmt has been presented for validation.
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evolutionary game theory
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Cournot competition
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evolutionary pressure
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behavioural rules
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