Abstract

The dynamics of a Cournot duopoly with relative profits maximizations and costs function with externalities is considered. Results concerning the equilibria of the economic model and their stability are presented and the occurrence of bifurcations is stated. A double route to chaotic dynamics, via flip bifurcations and via Neimark–Sacker bifurcations for game is studied. Numerical experiments are presented.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.