On the stability of best reply and gradient systems with applications to imperfectly competitive models
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Publication:1351118
DOI10.1016/0165-1765(95)00752-0zbMath0875.90004OpenAlexW2127688155WikidataQ56936152 ScholiaQ56936152MaRDI QIDQ1351118
Andreu Mas-Colell, Luis C. Corchon
Publication date: 27 February 1997
Published in: Economics Letters (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10016/3812
Decision theory (91B06) 2-person games (91A05) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45)
Related Items (22)
Properties of contests: constructing contest success functions from best-responses ⋮ Dynamical analysis of a Cournot duopoly model ⋮ Bifurcation analysis of a dynamic duopoly model with heterogeneous costs and behavioural rules ⋮ Complexity study on the Cournot–Bertrand mixed duopoly game model with market share preference ⋮ Dynamics of a Cournot duopoly game with a generalized bounded rationality ⋮ On Bertrand duopoly game with differentiated goods ⋮ A multiscale time model with piecewise constant argument for a boundedly rational monopolist ⋮ Endogenous reactivity in a dynamic model of consumer's choice ⋮ Dynamics of a Cournot duopoly game with bounded rationality based on relative profit maximization ⋮ Nonlinear dynamics of a Cournot duopoly game with differentiated products ⋮ Evolutionary competition between adjustment processes in Cournot oligopoly: instability and complex dynamics ⋮ LEARNING TO FACE STOCHASTIC DEMAND ⋮ Learning cycles in Bertrand competition with differentiated commodities and competing learning rules ⋮ A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION ⋮ NEWTONIAN MECHANICS AND NASH PLAY ⋮ Social interactions and spillovers ⋮ Better-reply dynamics and global convergence to Nash equilibrium in aggregative games ⋮ A dynamic model of a boundedly rational consumer with a simple least squared learning mechanism ⋮ Anything goes with heterogeneous, but not always with homogeneous oligopoly ⋮ Nonlinear dynamics and global analysis of a heterogeneous Cournot duopoly with a local monopolistic approach versus a gradient rule with endogenous reactivity ⋮ Exchange rates and Bertrand oligopoly ⋮ Endogenous fluctuations under evolutionary pressure in Cournot competition
Cites Work
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- Excess demand functions
- Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities
- Market Dynamics and the Law of Demand
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- Lectures on Differential Equations. (AM-14)
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