Complex dynamics and chaos control on a kind of Bertrand duopoly game model considering R\&D activities

DOI10.1155/2017/7384150MaRDI QIDQ1784895zbMATH OpenOpenAlexFDO

Authors Hongliang Tu, Xueli Zhan, Xiaobing Mao

Publication date 27 September 2018

Published in Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1155/2017/7384150

zbMATH Keywords

Bertrand duopoly gameBertrand duopoly oligopoly marketchaos controlcomplex dynamicsR\&D activitiestwo-stage input competition game

Mathematics Subject Classification ID

Applications of game theory (91A80) Economic dynamics (91B55)

Review text

Summary: We study a dynamic research and development two-stage input competition game model in the Bertrand duopoly oligopoly market with spillover effects on cost reduction. We investigate the stability of the Nash equilibrium point and local stable conditions and stability region of the Nash equilibrium point by the bifurcation theory. The complex dynamic behaviors of the system are shown by numerical simulations. It is demonstrated that chaos occurs for a range of managerial policies, and the associated unpredictability is solely due to the dynamics of the interaction. We show that the straight line stabilization method is the appropriate management measure to control the chaos.

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Cited in

(14)

• Complexity analysis of a master-slave oligopoly model and chaos control
• Dynamics and chaos control of a duopolistic Bertrand competitions under environmental taxes
• Nonlinear analysis and chaos control of the complex dynamics of multi-market Cournot game with bounded rationality
• Dynamics and stability analysis of a Stackelberg mixed duopoly game with price competition in insurance market
• Complex dynamics of mixed triopoly game with quantity and price competition
• A Bertrand duopoly game with long-memory effects
• A dynamic duopoly Cournot model with R\&D efforts and its dynamic behavior analysis
• Complex dynamical behaviors of a mixed duopoly game based on intellectual property rights protection
• A dynamic Stackelberg-Cournot duopoly model with heterogeneous strategies through one-way spillovers
• Dynamic investigations in a duopoly game with price competition based on relative profit and profit maximization
• Complex dynamics and chaos control of heterogeneous quadropoly game
• Complexity analysis of dynamic R\&D competition between high-tech firms
• The complex phenomena and the chaos control of Bertrand model
• Analytical and numerical exploration of stability, bifurcation, and chaos control in a Cournot duopoly and coupled network dynamics

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