Effect of information asymmetry in Cournot duopoly game with bounded rationality

Masahiko Ueda

Applied Mathematics and Computation, 2019, vol. 362, issue C, -

Abstract: We investigate the effect of information asymmetry on a dynamic Cournot duopoly game with bounded rationality. Concretely, we study how one player’s possession of information about the other player’s behavior in a duopoly affects the stability of the Cournot-Nash equilibrium. We theoretically and numerically show that the information stabilizes the Cournot-Nash equilibrium and suppresses chaotic behavior in the duopoly.

Keywords: Discrete dynamical systems; Cournot duopoly games; Bounded rationality; Information asymmetry; Complex dynamics (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:apmaco:v:362:y:2019:i:c:46

DOI: 10.1016/j.amc.2019.06.049

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