Dynamic behavior in a Cournot duopoly with social responsibility

Joaquin Andaluz, A.A. Elsadany and G. Jarne

Chaos, Solitons & Fractals, 2023, vol. 172, issue C

Abstract: In an oligopoly with isoelastic demand, the paper analyzes the quantity competition between NPM profit-maximizing firms and NRS socially responsible firms whose objective function is a linear combination of profit and consumer surplus.

Keywords: Cournot oligopoly; Social responsibility; General isoelastic demand; Bounded rationality; Local stability (search for similar items in EconPapers)
JEL-codes: C62 D43 L13 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:172:y:2023:i:c:s0960077923004125

DOI: 10.1016/j.chaos.2023.113511

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