Nonlinear dynamics and convergence speed of heterogeneous Cournot duopolies involving best response mechanisms with different degrees of rationality

DOI10.1007/s11071-015-2044-yzbMath1347.91193OpenAlexW1970003902MaRDI QIDQ327940

Fausto Cavalli, Ahmad K. Naimzada

Publication date: 19 October 2016

Published in: Nonlinear Dynamics (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10281/99527

zbMATH Keywords

bifurcationbounded rationalitycomplex dynamicsCournot duopoly gameheterogeneous playersbest response mechanism

Mathematics Subject Classification ID

Noncooperative games (91A10) Special types of economic markets (including Cournot, Bertrand) (91B54) Economic dynamics (91B55)

Related Items (10)

A Cournot duopoly game with heterogeneous players: nonlinear dynamics of the gradient rule versus local monopolistic approach ⋮ Chaotic dynamics in nonlinear duopoly Stackelberg game with heterogeneous players ⋮ Complex dynamics analysis for a two-stage Cournot duopoly game of semi-collusion in production ⋮ Imitative and best response behaviors in a nonlinear Cournotian setting ⋮ Complex dynamics and multistability with increasing rationality in market games ⋮ An evolutionary model with best response and imitative rules ⋮ Effects of size, composition, and evolutionary pressure in heterogeneous Cournot oligopolies with best response decisional mechanisms ⋮ Heterogeneity and the (de)stabilizing role of rationality ⋮ An oligopoly model with rational and imitation rules ⋮ An oligopoly model with best response and imitation rules

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