Abstract

In this paper we study the duopoly model proposed by M. Kopel [26], where two firms compete “a la Cournot” and the reaction curves have a higher degree of coupling in the sense that firms have to make their choices simultaneously. We will make a descriptive analysis of the two-dimensional model, making an approach through particular situations. On the other hand, when the firms are homogeneous a one-dimensional invariant subset is present in the model. We will give an analytical proof of the existence of a (topological) chaotic behavior for a wide range of parameter values and we will study when chaotic synchronization and collusion occur.

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.