On the (in)stability of nonlinear feedback solutions in a dynamic duopoly with renewable resource exploitation

Luca Lambertini () and Andrea Mantovani

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: We revisit Fujiwara's (2008) differential duopoly game to show that the degenerate nonlinear feedback identi?ed by the tangency point with the stationary state line is indeed unstable, given the dynamics of the natural resource exploited by fi?rms. To do so, we fully characterise the continuum of nonlinear feedback solution via Rowat's (2007) method, characterising the in?finitely many stable nonlinear feedback equilibria.

JEL-codes: C73 L13 Q2 (search for similar items in EconPapers)
Date: 2016-02
New Economics Papers: this item is included in nep-com
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Citations: View citations in EconPapers (14)

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Journal Article: On the (in)stability of nonlinear feedback solutions in a dynamic duopoly with renewable resource exploitation (2016)
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