古诺竞争
双头垄断
动力学(音乐)
计算机科学
构造(python库)
经济
数理经济学
数学优化
微观经济学
数学
物理
声学
程序设计语言
作者
Akio Matsumoto,Ferenc Szidarovszky
标识
DOI:10.1016/j.amc.2015.07.051
摘要
We construct a Cournot duopoly model in a continuous-time framework and consider its dynamic behavior when the firms are heterogeneous in determining their output decision: one firm has an information delay in the competitor’s output as well as an implementation delay in its own output while the other firm does not have any delays. Two main results are obtained. One is that the information delay does not affect dynamics of the commodities and the other is that the implementation delay can destabilize the otherwise stable equilibrium. Furthermore, it is numerically confirmed that the two delay duopoly model can generate a wide spectrum of dynamics ranging from cyclic dynamics to chaos.
科研通智能强力驱动
Strongly Powered by AbleSci AI