Endogenous fluctuations under evolutionary pressure in Cournot competition (Q1864816): Difference between revisions
From MaRDI portal
Added link to MaRDI item. |
Removed claims |
||
Property / author | |||
Property / author: Q310942 / rank | |||
Property / reviewed by | |||
Property / reviewed by: Prabhat Kumar Mahanti / rank | |||
Revision as of 18:32, 16 February 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Endogenous fluctuations under evolutionary pressure in Cournot competition |
scientific article |
Statements
Endogenous fluctuations under evolutionary pressure in Cournot competition (English)
0 references
23 March 2003
0 references
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.
0 references
evolutionary game theory
0 references
Cournot competition
0 references
evolutionary pressure
0 references
behavioural rules
0 references