Endogenous fluctuations under evolutionary pressure in Cournot competition (Q1864816)
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scientific article; zbMATH DE number 1886684
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| English | Endogenous fluctuations under evolutionary pressure in Cournot competition |
scientific article; zbMATH DE number 1886684 |
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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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0.8433023691177368
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0.7969020009040833
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0.7955304384231567
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0.7927101254463196
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0.7878847122192383
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