Dynamics of a Cournot duopoly game with a generalized bounded rationality (Q2188172)
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scientific article; zbMATH DE number 7210726
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| English | Dynamics of a Cournot duopoly game with a generalized bounded rationality |
scientific article; zbMATH DE number 7210726 |
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Dynamics of a Cournot duopoly game with a generalized bounded rationality (English)
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10 June 2020
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Summary: In this paper, the dynamics of Cournot duopoly game with a generalized bounded rationality is considered. The fractional bounded rationality of the Cournot duopoly game is introduced. The conditions of local stability analysis of equilibrium points of the game are derived. The effect of fractional marginal profit on the game is investigated. The complex dynamics behaviors of the game are discussed by numerical computation when parameters are varied.
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