Complex dynamics and synchronization of a duopoly game with bounded rationality
From MaRDI portal
Consider a symmetric Cournot duopoly with a unique Nash equilibrium. Specify the out-of-equilibrium dynamics as a system of first-order nonlinear difference equations as described by Cournot, with speed of adjustment parameter \(\alpha\). The paper shows that the boundaries of the problem are an unstable rest point. For small values of \(\alpha\), the Nash equilibrium is stable, while larger values of a lead to complex dynamics.
Recommendations
- Analysis of a duopoly game with delayed bounded rationality.
- Dynamics of a delayed duopoly game with bounded rationality
- The stability of Bayesian Nash equilibrium of dynamic Cournot duopoly model with asymmetric information
- Nonlinear dynamics of Cournot duopoly game with social welfare
- A dynamic Cournot duopoly model with different strategies
Cites work
- A DOUBLE LOGISTIC MAP
- scientific article; zbMATH DE number 44378 (Why is no real title available?)
- scientific article; zbMATH DE number 53256 (Why is no real title available?)
- scientific article; zbMATH DE number 1049646 (Why is no real title available?)
- scientific article; zbMATH DE number 1507329 (Why is no real title available?)
- scientific article; zbMATH DE number 789394 (Why is no real title available?)
- Imitation and Belief Learning in an Oligopoly Experiment
- MEMORY EFFECTS IN DISCRETE DYNAMICAL SYSTEMS
- On modifications of Puu's dynamical duopoly
- Synchronization, intermittency and critical curves in a duopoly game
- The dynamics of Bowley's model with bounded rationality
Cited in
(83)- Analysis of decision-making in economic chaos control
- Chaotic dynamics in nonlinear duopoly game with heterogeneous players.
- On the structure and the qualitative behavior of an economic model
- Complexity uncertainty analysis of dynamic in a dual-channel energy supply chain model with heterogeneous retailers
- An evolutionary model with best response and imitative rules
- Effects of size, composition, and evolutionary pressure in heterogeneous Cournot oligopolies with best response decisional mechanisms
- Complexity analysis of a master-slave oligopoly model and chaos control
- Analysis and control of the complex dynamics of a multimarket Cournot investment game with bounded rationality
- Complex dynamics analysis for a duopoly Stackelberg game model with bounded rationality
- Nonlinear dynamics in the Cournot duopoly game with heterogeneous players
- New analyses of duopoly game with output lower limiters
- An oligopoly model with rational and imitation rules
- Nonlinear analysis and chaos control of the complex dynamics of multi-market Cournot game with bounded rationality
- Stochastic sensitivity and dynamical complexity of newsvendor models subject to trade credit
- Complex dynamical behavior and numerical simulation of a Cournot-Bertrand duopoly game with heterogeneous players
- Application of duopoly multi-periodical game with bounded rationality in power supply market based on information asymmetry
- Dynamic behaviors in a Cournot duopoly model with knowledge spillover effect based on constant conjectural variation
- Complex dynamics analysis for a remanufacturing duopoly model with nonlinear cost
- Research on the complexity of game model about recovery pricing in reverse supply chain considering fairness concerns
- Analysis of dynamic Cournot game in a coopetition supply chain
- Study on the complexity pricing game and coordination of the duopoly air conditioner market with disturbance demand
- Stability and multistability of a bounded rational mixed duopoly model with homogeneous product
- A heterogenous Cournot duopoly with delay dynamics: Hopf bifurcations and stability switching curves
- Dynamics and stability in retail competition
- Dynamical Cournot game with bounded rationality and time delay for marginal profit
- Asymmetric micro-dynamics in spatial anonymous public goods game
- Effect of information asymmetry in Cournot duopoly game with bounded rationality
- Dynamic contest model with bounded rationality
- Prediction on the competitive outcome of an enterprise under the adjustment mechanism
- Dynamics of Hotelling triopoly model with bounded rationality
- An oligopoly model with best response and imitation rules
- A dynamic Cournot duopoly model with different strategies
- Dynamical analysis and chaos control in a heterogeneous Kopel duopoly game
- Dynamics of a duopoly game with two different delay structures
- Complex dynamics in a nonlinear cobweb model for real estate market
- Dynamical systems and the arising of cooperation in a Cournot duopoly
- Dynamical complexity of pricing and green level for a dyadic supply chain with capital constraint
- Quantum mixed duopoly games with a nonlinear demand function
- Research on dynamics in a resource extraction game with bounded rationality
- Complex nonlinear dynamic system of oligopolies price game with heterogeneous players under noise
- Complex dynamics and chaos control in nonlinear four-oligopolist game with different expectations
- A Cournot duopoly game with heterogeneous players: nonlinear dynamics of the gradient rule versus local monopolistic approach
- Dynamics in a Cournot investment game with heterogeneous players
- Analysis of the dynamics of multi-team Bertrand game with heterogeneous players
- Nonlinear dynamics and convergence speed of heterogeneous Cournot duopolies involving best response mechanisms with different degrees of rationality
- Complexity analysis of remanufacturing duopoly game with different competition strategies and heterogeneous players
- Analysis of a nonlinear mixed Cournot game with boundedly rational players
- Complex dynamics in a model of common fishery resource harvested by multiagents with heterogeneous strategy
- Chaos control on the repeated game model in electric power duopoly
- Complex dynamics of duopoly game with heterogeneous players: a further analysis of the output model
- Dynamics and adaptive control of a duopoly advertising model based on heterogeneous expectations
- On the stability of quadratic dynamics in discrete time \(n\)-player Cournot games
- Imitative and best response behaviors in a nonlinear Cournotian setting
- Complexity of a real estate game model with a nonlinear demand function
- Synchronization and global dynamics of a Cournot model with nonlinear demand and R\&D spillovers
- Heterogeneity and the (de)stabilizing role of rationality
- A dynamic Stackelberg duopoly model with different strategies
- Research on the Complexity of Dual-Channel Supply Chain Model in Competitive Retailing Service Market
- Complexity of repeated game model in electric power triopoly
- Complex dynamics analysis on fish stock harvested by two players with heterogeneous rationality
- Cooperation in a dynamical adjustment of duopoly game with incomplete information
- The complexity of an investment competition dynamical model with imperfect information in a security market
- Nonlinear dynamic and chaos in a remanufacturing duopoly game with heterogeneous players and nonlinear inverse demand functions
- A new method to control chaos in an economic system
- Dynamics of a delayed duopoly game with bounded rationality
- Complex dynamics analysis for a duopoly model of common fishery resource
- Decision making in dynamic stochastic Cournot games
- Bifurcation and chaos in a fractional-order Cournot duopoly game model on scale-free networks
- On the oscillations in Cournot games with best response strategies
- Analytical and numerical exploration of stability, bifurcation, and chaos control in a Cournot duopoly and coupled network dynamics
- A Bertrand duopoly game with differentiated products reconsidered
- Controlling chaos and mixed mode oscillations in a Bertrand duopoly game with homogeneous expectations and quadratic cost functions
- Nonlinear dynamics in a heterogeneous duopoly game with adjusting players and diseconomies of scale
- Nonlinear dynamics and global analysis of a heterogeneous Cournot duopoly with a local monopolistic approach versus a gradient rule with endogenous reactivity
- Analysis of the dynamics of Cournot team-game with heterogeneous players
- Complex dynamics in nonlinear triopoly market with different expectations
- Complex dynamics analysis for a duopoly advertising model with nonlinear cost
- Stable cycles in a Cournot duopoly model of Kopel
- Oligopoly games with nonlinear demand and cost functions: Two boundedly rational adjustment processes
- Chaos and control of game model based on heterogeneous expectations in electric power triopoly
- A 3-dimensional discrete model of housing price and its inherent complexity analysis
- Cournot games with linear regression expectations in oligopolistic markets
- New results on stable region of Nash equilibrium of output game model
This page was built for publication: Complex dynamics and synchronization of a duopoly game with bounded rationality
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5959574)
