Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics
This 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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Volume (Year): 15 (2004)
Issue (Month): 1 ()
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Web page: http://economics.uni-corvinus.hu/
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