Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics
AbstractThis paper deals with the analytical and graphical representation of the bifurcations appearing from the adjustment dynamics of a 2- player Cournot duopoly, proposed by Puu (1997). We establish admissibility conditions on the initial state of the adjustment dynamics and visualize the dynamics in the space of orbits.
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Bibliographic InfoArticle provided by Department of Mathematics, Corvinus University of Budapest in its journal Pure Mathematics and Applications.
Volume (Year): 15 (2004)
Issue (Month): 1 ()
Other versions of this item:
- Michael Sonis & Chokri Dridi, 2004. "Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics," Microeconomics 0409001, EconWPA.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
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- Friedman,James, 1983.
Cambridge University Press, number 9780521282444, April.
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