A Cournot duopoly game with heterogeneous players: nonlinear dynamics of the gradient rule versus local monopolistic approach

DOI10.1016/J.AMC.2014.10.031zbMATH Open1338.91091OpenAlexW1969053526MaRDI QIDQ298614FDOQ298614

Ahmad K. Naimzada, Fausto Cavalli

Publication date: 21 June 2016

Published in: Applied Mathematics and Computation (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.amc.2014.10.031

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zbMATH Keywords

bifurcationcomplex dynamicsNash equilibriumbounded rationalityCournot duopoly gameheterogeneous players

Mathematics Subject Classification ID

Applications of game theory (91A80) Dynamical systems in optimization and economics (37N40) Special types of economic markets (including Cournot, Bertrand) (91B54) Economic dynamics (91B55)

Cites Work

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• A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION
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• Nonlinear dynamics and global analysis of a heterogeneous Cournot duopoly with a local monopolistic approach versus a gradient rule with endogenous reactivity
• Oligopoly games with nonlinear demand and cost functions: Two boundedly rational adjustment processes

Cited In (28)

• On the stability and multistability in a duopoly game with R\&D spillover and price competition
• An oligopoly model with rational and imitation rules
• A dynamic game approach to demand disruptions of green supply chain with government intervention (case study: automotive supply chain)
• Effects of size, composition, and evolutionary pressure in heterogeneous Cournot oligopolies with best response decisional mechanisms
• A dynamic duopoly Cournot model with R\&D efforts and its dynamic behavior analysis
• Nonlinear dynamics and convergence speed of heterogeneous Cournot duopolies involving best response mechanisms with different degrees of rationality
• Chaotic congestion games
• Nonlinear dynamics and global analysis of a heterogeneous Cournot duopoly with a local monopolistic approach versus a gradient rule with endogenous reactivity
• Complex dynamics analysis for a two-stage Cournot duopoly game of semi-collusion in production
• Dynamic analysis of the rental prices of long-rental apartments and ordinary rental housing based on the impact of long-rental apartment enterprises' competitive behaviors
• Oligopoly games with nonlinear demand and cost functions: Two boundedly rational adjustment processes
• Analysis of dynamic Cournot game in a coopetition supply chain
• Investigations of nonlinear triopoly models with different mechanisms
• Complex dynamics and multistability with increasing rationality in market games
• Effect of information asymmetry in Cournot duopoly game with bounded rationality
• Nonlinear dynamics in the Cournot duopoly game with heterogeneous players
• Does local monopolistic approximation imply a less stable equilibrium?
• Imitative and best response behaviors in a nonlinear Cournotian setting
• An oligopoly model with best response and imitation rules
• Monopoly models with time-varying demand function
• Bifurcation analysis of a dynamic duopoly model with heterogeneous costs and behavioural rules
• Heterogeneity and the (de)stabilizing role of rationality
• Nonlinear oligopolistic game with isoelastic demand function: rationality and local monopolistic approximation
• Heterogeneity and chaos in congestion games
• Multistability and complex basins in a nonlinear duopoly with price competition and relative profit delegation
• An evolutionary model with best response and imitative rules
• Heterogeneous players in a Cournot model with differentiated products
• Some reflections on past and future of nonlinear dynamics in economics and finance

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