Investigations of nonlinear triopoly models with different mechanisms
Summary: This paper studies the dynamic characteristics of triopoly models that are constructed based on a 3-dimensional Cobb-Douglas utility function. The paper presents two parts. The first part introduces a competition among three rational firms on which their prices are isoelastic functions. The competition is described by a 3-dimensional discrete dynamical system. We examine the impact of rationality on the system's steady state point. Studying the stability/instability of this point, which is Nash equilibrium and is unique in those models, is illustrated. Numerically, we give some global analysis of Nash point and its stability. The second part deals with heterogeneous scenarios. It consists of two different models. In the first model, we assume that one competitor adopts the local monopolistic approximation mechanism (LMA) while the other opponents are rational. The second model assumes two heterogeneous players with LMA mechanism against one rational firm. Studies show that the stability of NE point of those models is not guaranteed. Furthermore, simulation shows that when firms behave rational with symmetric costs, the stability of NE point is achievable.
- Quantity and price competition in a differentiated triopoly: static and dynamic investigations
- Complex dynamics in nonlinear triopoly market with different expectations
- Dynamics of Hotelling triopoly model with bounded rationality
- Analysis of nonlinear triopoly game with heterogeneous players
- The dynamics of economic games based on product differentiation
- A Cournot duopoly game with heterogeneous players: nonlinear dynamics of the gradient rule versus local monopolistic approach
- A heterogenous Cournot duopoly with delay dynamics: Hopf bifurcations and stability switching curves
- A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION
- Chaos in duopoly pricing
- Chaotic dynamics in nonlinear duopoly game with heterogeneous players.
- Complex dynamics analysis on fish stock harvested by two players with heterogeneous rationality
- Dynamic Cournot duopoly games with nonlinear demand function
- Evolutionary competition between boundedly rational behavioral rules in oligopoly games
- Exotic phenomena in games and duopoly models
- scientific article; zbMATH DE number 3594317 (Why is no real title available?)
- Nonlinear dynamics in the Cournot duopoly game with heterogeneous players
- Quantity and price competition in a differentiated triopoly: static and dynamic investigations
- The dynamics of economic games based on product differentiation
- The rise of complex phenomena in Cournot duopoly games due to demand functions without inflection points
- Quantity and price competition in a differentiated triopoly: static and dynamic investigations
- Reflexive analysis of equilibria in a triopoly game with linear cost functions of the agents
- Nonlinear Cournot and Bertrand-type dynamic triopoly with differentiated products and heterogeneous expectations
- Dynamics of Hotelling triopoly model with bounded rationality
- The stability and duality of dynamic Cournot and Bertrand duopoly model with comprehensive preference
- Local and global analysis of a nonlinear duopoly game with heterogeneous firms
- On the dynamics of a restricted Cournot-Puu triopoly: firms survival and complexity
- The dynamics of economic games based on product differentiation
- Heterogeneous triopoly game with isoelastic demand function
- Nonlinear oligopolistic game with isoelastic demand function: rationality and local monopolistic approximation
- Bifurcation analysis and complex dynamics of a Kopel triopoly model
- Complex dynamics in nonlinear triopoly market with different expectations
This page was built for publication: Investigations of nonlinear triopoly models with different mechanisms
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2281990)
