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Dynamic behavior in a Cournot duopoly with social responsibility

Author

Listed:
  • Andaluz, J.
  • Elsadany, A.A.
  • Jarne, G.

Abstract

In an oligopoly with isoelastic demand, the paper analyzes the quantity competition between NPM profit-maximizing firms and NRS socially responsible firms whose objective function is a linear combination of profit and consumer surplus.

Suggested Citation

  • Andaluz, J. & Elsadany, A.A. & Jarne, G., 2023. "Dynamic behavior in a Cournot duopoly with social responsibility," Chaos, Solitons & Fractals, Elsevier, vol. 172(C).
    • Handle: RePEc:eee:chsofr:v:172:y:2023:i:c:s0960077923004125
    DOI: 10.1016/j.chaos.2023.113511
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    References listed on IDEAS

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    1. Lambertini, Luca & Tampieri, Alessandro, 2015. "Incentives, performance and desirability of socially responsible firms in a Cournot oligopoly," Economic Modelling, Elsevier, vol. 50(C), pages 40-48.
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    More about this item

    Keywords

    Cournot oligopoly; Social responsibility; General isoelastic demand; Bounded rationality; Local stability;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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