The long-run benefits of chaos to oligopolistic firms

DOI10.1016/J.JEDC.2007.05.010zbMath1181.91227OpenAlexW2059559778MaRDI QIDQ844646

Weihong Huang

Publication date: 19 January 2010

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.05.010

zbMATH Keywords

chaosnonlinear dynamicsheterogeneous agentsoligopolyCournotcautious strategycobwebprice-taking

Mathematics Subject Classification ID

Dynamical systems in optimization and economics (37N40) Heterogeneous agent models (91B69)

Related Items (7)

Bifurcation analysis of a dynamic duopoly model with heterogeneous costs and behavioural rules ⋮ Oligopoly game: price makers meet price takers ⋮ Bifurcation and chaos in a price game of irrigation water in a coastal irrigation district ⋮ Triumph over your rivals in dynamic oligopoly ⋮ Positive welfare effects of trade barriers in a dynamic partial equilibrium model ⋮ Complex dynamics of an adnascent-type game model ⋮ Dynamic analysis of airline bidding game based on nonlinear cost

Cites Work

• ``Period three to period two bifurcation for piecewise linear models
• Let it be: chaotic price instability can be beneficial
• Endogenous fluctuations under evolutionary pressure in Cournot competition
• Profitability analysis of price-taking strategy in disequilibrium
• Competitive Approximation of a Cournot Market
• A Rational Route to Randomness
• Cournot Oligopoly and Competitive Behaviour
• Profitable inventory chaos in a macro disequilibrium dynamic model.

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