Nonlinear Cournot oligopoly games with isoelastic demand function: the effects of different behavior rules

DOI10.1016/j.cnsns.2012.04.023zbMath1262.91107OpenAlexW1988853783MaRDI QIDQ1948263

Weijun Zhong, Xing Gao, Shue Mei

Publication date: 2 May 2013

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.2012.04.023

zbMATH Keywords

Cournot oligopolyasymptotical stabilitysequential decisionsisoelastic demand functionsimultaneous decisions

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (9)

Stability, multi-stability and instability in Cournot duopoly game with knowledge spillover effects and relative profit maximization ⋮ Nonlinear dynamics and convergence speed of heterogeneous Cournot duopolies involving best response mechanisms with different degrees of rationality ⋮ Game-theoretic models of an oligopoly market with nonlinear agent cost functions ⋮ Oligopolies with contingent workforce and unemployment insurance systems ⋮ Equilibrium selection of a homogenous duopoly with extrapolative foresight ⋮ Should sophisticated expectations facilitate reaching equilibrium behavior? ⋮ Nonlinear dynamics in a Cournot duopoly with isoelastic demand ⋮ Does local monopolistic approximation imply a less stable equilibrium? ⋮ Global dynamics of an oligopoly competition model with isoelastic demand and strategic delegation

Cites Work

• On local stability of Cournot models with simultaneous and sequential decisions
• Nonlinear dynamics in a heterogeneous duopoly game with adjusting players and diseconomies of scale
• Controlling the Cournot-Nash chaos
• A dynamic model of a boundedly rational consumer with a simple least squared learning mechanism
• Cournot games with linear regression expectations in oligopolistic markets
• The stability of the Cournot oligopoly model: a reassessment
• A linear oligopoly model with adaptive expectations: Stability reconsidered
• Chaos in duopoly pricing
• Dynamics of a Cournot game with \(n\)-competitors
• A Theorem on Expectations and the Stability of Equilibrium
• A Note on Expectations and Stability
• Dynamic fictitious play, dynamic gradient play, and distributed convergence to Nash equilibria

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