Learning monopolies with delayed feedback on price expectations

DOI10.1016/j.cnsns.2015.04.011OpenAlexW2017170815MaRDI QIDQ2198463

Ferenc Szidarovszky, Akito Matsumoto

Publication date: 10 September 2020

Published in: Communications in Nonlinear Science and Numerical Simulation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.cnsns.2015.04.011

zbMATH Keywords

Hopf bifurcationadaptive learningfixed time delaybounded rationallitymonopoly dynamics

Mathematics Subject Classification ID

Systems theory; control (93-XX) Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Related Items (5)

Different Modelling Approaches for Time Lags in a Monopoly ⋮ Monopoly models with time-varying demand function ⋮ Some reflections on past and future of nonlinear dynamics in economics and finance ⋮ Delay dynamics of a Cournot game with heterogeneous duopolies ⋮ Nonlinear Cournot duopoly with implementation delays

Cites Work

• Discrete-time delay dynamics of boundedly rational monopoly
• Differential-difference equations
• On lags and chaos in economic dynamic models
• Learning in mis-specified models and the possibility of cycles
• The chaotic monopolist
• Dynamic monopoly with multiple continuously distributed time delays
• Complex dynamics in a monopoly with a rule of thumb
• On stability crossing curves for general systems with two delays
• An Elementary Study of a Class of Dynamic Systems with Single Time Delay
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