Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics

Michael Sonis and Chokri Dridi
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Michael Sonis: Bar-Ilan University

Microeconomics from University Library of Munich, Germany

Abstract: This paper deals with the analytical and graphical representation of the bifurcations appearing from the adjustment dynamics of a 2- player Cournot duopoly, proposed by Puu (1997). We establish admissibility conditions on the initial state of the adjustment dynamics and visualize the dynamics in the space of orbits.

Keywords: Bifurcation surfaces; Chaos; Cournot; Duopoly; Nonlinear dynamics; Stability. (search for similar items in EconPapers)
JEL-codes: D1 D2 D3 D4 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2004-09-06
New Economics Papers: this item is included in nep-mic
Note: Type of Document - pdf; pages: 10. Mathematics Subject Classifications (2000). 37G15, 37N40, 65Q05, 91A80
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Journal Article: Movement of equilibrium of Cournot duopoly and the visualization of bifurcations of its adjustment dynamics (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0409001

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