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 InfoPaper provided by EconWPA in its series Microeconomics with number 0409001.
Length: 10 pages
Date of creation: 06 Sep 2004
Date of revision:
Note: Type of Document - pdf; pages: 10. Mathematics Subject Classifications (2000). 37G15, 37N40, 65Q05, 91A80
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Bifurcation surfaces; Chaos; Cournot; Duopoly; Nonlinear dynamics; Stability.;
Other versions of this item:
- Sonis, M. & Dridi, C., 2004. "Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics," Pure Mathematics and Applications, Department of Mathematics, Corvinus University of Budapest, vol. 15(1), pages 63-72.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
This paper has been announced in the following NEP Reports:
- NEP-MIC-2004-09-12 (Microeconomics)
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- Friedman,James, 1983.
Cambridge University Press, number 9780521282444.
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