Dynamic Cournot oligopoly game based on general isoelastic demand

被引：20
|
作者：
Andaluz, J. [1 ]
Elsadany, A. [2 ,3 ]
Jarne, G. [1 ]
机构：
[1] Univ Zaragoza, Dept Econ Anal, Zaragoza, Spain
[2] Prince Sattam Bin Abdulaziz Univ, Coll Sci & Humanities Studies Al Kharj, Math Dept, Al Kharj 11942, Saudi Arabia
[3] Suez Canal Univ, Dept Basic Sci, Fac Comp & Informat, Ismailia 41522, Egypt
来源：
NONLINEAR DYNAMICS | 2020年 / 99卷 / 02期
关键词：
Cournot oligopoly; General isoelastic demand; Bounded rationality; Local stability; NONLINEAR DYNAMICS; DUOPOLY; TRIOPOLY;
D O I：
10.1007/s11071-019-05333-7
中图分类号：
TH [机械、仪表工业];
学科分类号：
0802 ;
摘要：
This paper explores a nonlinear Cournot oligopoly with n firms displaying general isoelastic demand. The marginal profits-based gradient rule and the expectation rule Local Monopolistic Approximation were employed in two Cournot oligopoly games. Nash equilibrium stability analysis is carried out on each of the two games to throw light on the effects of demand elasticity and other parameters on the dynamics of the game. Our results show that the influence of demand elasticity on stability depends on firms' expectation rules.
引用
收藏
页码：1053 / 1063
页数：11
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