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Nonlinear dynamics in the Cournot modelwithout full information

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  • D. Léonard
  • K. Nishimura

Abstract

A Cournot model with an arbitrary nonlinear demand function and where firms do notobserve their rival's actions directly is shown to allow mistaken beliefs to persist. Thesealter the original equilibrium state and, in a range of beliefs, destroy its stability and createcycles. The dynamics of the Cournot model are therefore fundamentally affected. Copyright Kluwer Academic Publishers 1999

Suggested Citation

  • D. Léonard & K. Nishimura, 1999. "Nonlinear dynamics in the Cournot modelwithout full information," Annals of Operations Research, Springer, vol. 89(0), pages 165-173, January.
  • Handle: RePEc:spr:annopr:v:89:y:1999:i:0:p:165-173:10.1023/a:1018919522127
    DOI: 10.1023/A:1018919522127
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    File URL: http://hdl.handle.net/10.1023/A:1018919522127
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    Cited by:

    1. Naimzada, Ahmad & Ricchiuti, Giorgio, 2011. "Monopoly with local knowledge of demand function," Economic Modelling, Elsevier, vol. 28(1), pages 299-307.
    2. Troy Tassier, 2013. "Handbook of Research on Complexity, by J. Barkley Rosser, Jr. and Edward Elgar," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 132-133.
    3. repec:eee:apmaco:v:336:y:2018:i:c:p:193-205 is not listed on IDEAS
    4. repec:spr:decfin:v:41:y:2018:i:2:d:10.1007_s10203-018-0219-y is not listed on IDEAS
    5. repec:eee:matcom:v:156:y:2019:i:c:p:254-278 is not listed on IDEAS
    6. Antonio Doria, Francisco, 2011. "J.B. Rosser Jr. , Handbook of Research on Complexity, Edward Elgar, Cheltenham, UK--Northampton, MA, USA (2009) 436 + viii pp., index, ISBN 978 1 84542 089 5 (cased)," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1-2), pages 196-204, April.

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