Learning monopolies with delayed feedback on price expectations

DOI10.1016/J.CNSNS.2015.04.011MaRDI QIDQ2198463OpenAlexFDO

Authors F. 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

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

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Cites work

• scientific article; zbMATH DE number 3566636 (Why is no real title available?)
• An elementary study of a class of dynamic systems with single time delay
• Complex dynamics in a monopoly with a rule of thumb
• Differential-difference equations
• Discrete-time delay dynamics of boundedly rational monopoly
• Dynamic monopoly with multiple continuously distributed time delays
• Learning in mis-specified models and the possibility of cycles
• Nonlinear oligopolies. Stability and bifurcations
• On lags and chaos in economic dynamic models
• On stability crossing curves for general systems with two delays
• The chaotic monopolist

Cited in

(10)

• Delay dynamics in nonlinear monopoly with gradient adjustment
• Cost allocation with learning and forgetting considerations in a monopolistically competitive market
• Effects of regulatory delays and uncertainty on pricing decisions
• A multiscale time model with piecewise constant argument for a boundedly rational monopolist
• Some reflections on past and future of nonlinear dynamics in economics and finance
• Nonlinear Cournot duopoly with implementation delays
• Learning in monopolies with delayed price information
• Delay dynamics of a Cournot game with heterogeneous duopolies
• Different modelling approaches for time lags in a monopoly
• Monopoly models with time-varying demand function

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