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Cooperation versus noncooperation: Cournot duopolistic game based on delay and time-dependent parameters

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  • Askar, S.S.
  • Alnowibet, K.

Abstract

The current paper introduces a discussion between two different scenarios of Cournot games. Based on parameters time-dependent, a price function and discrete time scale are used to establish two Cournot models. The first model which we call it the non-cooperative model portrays a competition between two firms. On the other hand, the second model that is called the cooperative model is constructed based on the tit-for-tat mechanism. For the two models, analytical and numerical studies are performed to show the comparison between them.

Suggested Citation

  • Askar, S.S. & Alnowibet, K., 2016. "Cooperation versus noncooperation: Cournot duopolistic game based on delay and time-dependent parameters," Chaos, Solitons & Fractals, Elsevier, vol. 91(C), pages 580-584.
    • Handle: RePEc:eee:chsofr:v:91:y:2016:i:c:p:580-584
    DOI: 10.1016/j.chaos.2016.08.004
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    References listed on IDEAS

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    Cited by:

    1. Wu, Ruijia & Van Gorder, Robert A., 2018. "Nonlinear dynamics of discrete time multi-level leader–follower games," Applied Mathematics and Computation, Elsevier, vol. 320(C), pages 240-250.

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