Nonlinear Cournot duopoly with implementation delays

Akio Matsumoto and Ferenc Szidarovszky

Chaos, Solitons & Fractals, 2015, vol. 79, issue C, 157-165

Abstract: We study the effects of two delays on the local as well as on global stability of nonlinear Cournot duopoly dynamics. The two major findings are an analytical construction of the stability switching curve on which stability is lost and the numerical confirmation of the birth of aperiodic global dynamics when the stationary state is locally unstable. The delays matters and can generate various dynamics ranging from simple to complicated dynamics.

Date: 2015
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:79:y:2015:i:c:p:157-165

DOI: 10.1016/j.chaos.2015.05.010

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