Discrete-time delay dynamics of boundedly rational monopoly

DOI10.1007/s10203-013-0141-2zbMath1302.91135OpenAlexW2089302436MaRDI QIDQ742459

Akito Matsumoto, Ferenc Szidarovszky

Publication date: 18 September 2014

Published in: Decisions in Economics and Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10203-013-0141-2

zbMATH Keywords

Hopf bifurcationbounded rationalityNeimark-Sacker bifurcationgradient dynamicsdelay with discrete timescales

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Economic dynamics (91B55)

Related Items (12)

Learning in Monopolies with Delayed Price Information ⋮ Dynamics of a duopoly game with two different delay structures ⋮ Learning monopolies with delayed feedback on price expectations ⋮ 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 ⋮ Effects of fixed and continuously distributed delays in a monopoly model with constant price elasticity ⋮ Delay dynamics of a Cournot game with heterogeneous duopolies ⋮ Necessary and sufficient conditions for the roots of a cubic polynomial and bifurcations of codimension-1, -2, -3 for 3D maps ⋮ Dynamical analysis of a delayed monopoly game with a log-concave demand function ⋮ A cobweb model with gradient adjustment mechanism: nonlinear dynamics and multistability ⋮ Effect of price elasticity of demand in monopolies with gradient adjustment ⋮ Nonlinear dynamics and adjunct profits in two boundedly rational models of monopoly

Cites Work

• Differential-difference equations
• The theory of oligopoly with multi-product firms
• The dynamics of Bowley's model with bounded rationality
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