Double route to chaos in an heterogeneous triopoly game
AbstractWe move from a triopoly game with heterogeneous players (E.M.Elabassy et al., 2009. Analysis of nonlinear triopoly game with heterogeneous players. Computers and Mathematics with Applications 57, 488-499). We remove the nonlinearity from the cost function and introduce it in the demand function. We also introduce a different decisional mechanism for one of the three competitors. A double route to complex dynamics is shown to exist, together with the possibility of multistability of different attractors, requiring a global analysis of the dynamical system.
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Bibliographic InfoPaper provided by University of Pavia, Department of Economics and Quantitative Methods in its series Quaderni di Dipartimento with number 149.
Length: 17 pages
Date of creation: Jun 2011
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Triopoly game; Heterogeneous players; Global analysis;
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