Cooperation versus noncooperation: Cournot duopolistic game based on delay and time-dependent parameters

S.S. Askar and K. Alnowibet

Chaos, Solitons & Fractals, 2016, vol. 91, issue C, 580-584

Abstract: The current paper introduces a discussion between two different scenarios of Cournot games. Based on parameters time-dependent, a price function and discrete time scale are used to establish two Cournot models. The first model which we call it the non-cooperative model portrays a competition between two firms. On the other hand, the second model that is called the cooperative model is constructed based on the tit-for-tat mechanism. For the two models, analytical and numerical studies are performed to show the comparison between them.

Keywords: Non-cooperation; Cooperation; Tit-for-tat; Stability; Bifurcation (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:91:y:2016:i:c:p:580-584

DOI: 10.1016/j.chaos.2016.08.004

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