A note on the equilibria of an economic model with local competition ''à la Cournot''
Guirao and Rubio (2010) [12] introduce an economic model, which generalizes the classical duopoly of Cournot type, where the competitors are located around a circle or a line and each firm competes ''à la Cournot'' with its right and left neighboring. For the case of having three...
| Autores: | , , , |
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| Tipo de documento: | artigo |
| Data de publicação: | 2012 |
| País: | España |
| Recursos: | Universitat Autònoma de Barcelona |
| Repositório: | Dipòsit Digital de Documents de la UAB |
| Idioma: | inglês |
| OAI Identifier: | oai:ddd.uab.cat:150562 |
| Acesso em linha: | https://ddd.uab.cat/record/150562 https://dx.doi.org/urn:doi:10.1016/j.cam.2010.11.030 |
| Access Level: | Acceso aberto |
| Palavra-chave: | Cournot duopoly Cournot-like model Discrete dynamical systems and economics Equilibrium point |
| Resumo: | Guirao and Rubio (2010) [12] introduce an economic model, which generalizes the classical duopoly of Cournot type, where the competitors are located around a circle or a line and each firm competes ''à la Cournot'' with its right and left neighboring. For the case of having three and four players, we describe completely the bifurcations of equilibria in terms of the production costs of each firm and we study the stability of them. Moreover, for the case of four players we provide some information on the two-periodic orbits of the system. |
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