Effect of information asymmetry in Cournot duopoly game with bounded rationality

被引：26
|
作者：
Ueda, Masahiko [1 ]
机构：
[1] Kyoto Univ, Grad Sch Informat, Dept Syst Sci, Kyoto 6068501, Japan
来源：
APPLIED MATHEMATICS AND COMPUTATION | 2019年 / 362卷
关键词：
Discrete dynamical systems; Cournot duopoly games; Bounded rationality; Information asymmetry; Complex dynamics; NONLINEAR DYNAMICS; COMPLEX DYNAMICS; SYNCHRONIZATION; CHAOS;
D O I：
10.1016/j.amc.2019.06.049
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
We investigate the effect of information asymmetry on a dynamic Cournot duopoly game with bounded rationality. Concretely, we study how one player's possession of information about the other player's behavior in a duopoly affects the stability of the Cournot-Nash equilibrium. We theoretically and numerically show that the information stabilizes the Cournot-Nash equilibrium and suppresses chaotic behavior in the duopoly. (C) 2019 Elsevier Inc. All rights reserved.
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页数：8
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