Complex Dynamical Behaviors of a Mixed Duopoly Game Based on Intellectual Property Rights Protection

Tong Chu, Yu Yu and Xiaoxue Wang

Complexity, 2020, vol. 2020, 1-11

Abstract:

Based on the oligopoly game theory and the intellectual property rights protection policy, we investigate the complex dynamical behaviors of a mixed duopoly game with quadratic cost. In the new system, a few parameters are improved by considering intellectual property rights protection and the stability conditions of the Nash equilibrium point are discussed in detail. A set of the two-dimensional bifurcation diagrams is demonstrated by using numerical modeling, and these diagrams show abundant complex dynamical behaviors, such as coexistence of attractors, different bifurcation, and fractal structures. These dynamical properties can present the long-run effects of strengthening intellectual property protection.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:4601510

DOI: 10.1155/2020/4601510

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