Learning cycles in Bertrand competition with differentiated commodities and competing learning rules

DOI10.1016/j.jedc.2013.06.010zbMath1402.91076OpenAlexW2119872289MaRDI QIDQ1994181

Jan Tuinstra, Mikhail Anufriev, Dávid Kopányi

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.uts.edu.au/sites/default/files/edg_wp8.pdf

zbMATH Keywords

heterogeneous agentsBertrand competitiongradient learningleast squares learningendogenous switching

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Other game-theoretic models (91A40) Dynamic games (91A25) Rationality and learning in game theory (91A26) Special types of economic markets (including Cournot, Bertrand) (91B54) Economic dynamics (91B55)

Related Items (12)

Complex Dynamics in a Model of Common Fishery Resource Harvested by Multiagents with Heterogeneous Strategy ⋮ Information acquisition behavior: an evolutionary game theory perspective ⋮ Oligopoly game: price makers meet price takers ⋮ Complexity study on the Cournot–Bertrand mixed duopoly game model with market share preference ⋮ On Bertrand duopoly game with differentiated goods ⋮ Monopoly models with time-varying demand function ⋮ Effects of size, composition, and evolutionary pressure in heterogeneous Cournot oligopolies with best response decisional mechanisms ⋮ Evolutionary competition between adjustment processes in Cournot oligopoly: instability and complex dynamics ⋮ Evolutionary competition between boundedly rational behavioral rules in oligopoly games ⋮ Heterogeneity and the (de)stabilizing role of rationality ⋮ Nonlinear dynamics and global analysis of a heterogeneous Cournot duopoly with a local monopolistic approach versus a gradient rule with endogenous reactivity ⋮ Does local monopolistic approximation imply a less stable equilibrium?

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