Showing 1 - 10 of 12
with bounded rationality. Chaos, Solitons and Fractals 39, 2048–2055), by introducing sound microeconomic foundations. We … on initial conditions and Lyapunov exponents), we find that a “quasi-periodic” route to chaos and a large gamma of …
Persistent link: https://www.econbiz.de/10009294609
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro-founded differentiated products demand. The present analysis, which modifies and extends Zhang et al. (2007) (Zhang, J., Da, Q., Wang, Y., 2007. Analysis of nonlinear duopoly game...
Persistent link: https://www.econbiz.de/10009294922
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro-founded differentiated products demand. The present analysis, which modifies and extends Zhang et al. (2007) Zhang, J., Da, Q., Wang, Y., 2007. Analysis of nonlinear duopoly game with...
Persistent link: https://www.econbiz.de/10009321777
periodicity and deterministic chaos can also occur as the managers’ bonus increases. …
Persistent link: https://www.econbiz.de/10009323940
Persistent link: https://www.econbiz.de/10009326722
with bounded rationality. Chaos, Solitons and Fractals 39, 2048–2055), by introducing sound microeconomic foundations. We … on initial conditions and Lyapunov exponents), we find that a “quasi-periodic” route to chaos and a large gamma of …
Persistent link: https://www.econbiz.de/10009293635
multiple (three) steady states, deterministic chaos and bubbling phenomena when individuals have perfect foresight …. Interestingly, however, we show that periodic dynamics (cycles) or complex dynamics (chaos) and global stability of the economy can …
Persistent link: https://www.econbiz.de/10010866832
This paper extends the classical repeated duopoly model with quantity-setting firms of Bischi et al. (1998) by assuming that production of goods is subject to some gestation lags but exchanges take place continuously on the market. The model is expressed in the form of differential equations...
Persistent link: https://www.econbiz.de/10011183539
We analyse the dynamics of a Cournot duopoly with heterogeneous players to investigate the effects of micro-founded differentiated products demand on stability. The present study, which indeed modifies and extends Zhang et al. (2007) (Zhang, J., Da, Q., Wang, Y., 2007. Analysis of nonlinear...
Persistent link: https://www.econbiz.de/10010577137
This paper analyses the dynamics of a two-dimensional overlapping generations model with young and old age labour supply. It is shown that the public provision of health investments, which, in turn, affects the demand for material consumption, may represent a source of local indeterminacy,...
Persistent link: https://www.econbiz.de/10008805890