This paper aims to show that delay matters in continuous- and discrete-time framework. It constructs a simple dynamic model of a boundedly rational monopoly. First the existence of the unique equilibrium state is proved under general price and cost function forms. Conditions are derived for its...

This paper discusses the delay dynamics of monopoly with discrete timescales. It is assumed that a monopoly has delayed and limited information on demand. It is also assumed that the firm wants to react to an average of past data instead of reacting to sudden market changes and this average is...

Any absolutely continuous, piecewise smooth, symmetric two-player game can be extended to define a population game in which each player interacts with a large representative subset of the entire population. Assuming that players respond to the payoff gradient over a continuous action space, we...

In this paper we describe a new computational operator, called generalized complex entropic form (GEF), for pattern characterization of spatially extended systems. Besides of being a measure of regularity, this operator permits to quantify the degree of phase disorder associated with a given...

In this paper, we analyze the onset of phase-dominant dynamics in a uniformly forced system. The study is based on the numerical integration of the Swift–Hohenberg equation and adresses the characterization of phase disorder detected from gradient computational operators as complex entropic...