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On Complex Dynamics of Differentiated Products: Cournot Duopoly Model under Average Profit Maximization
2022
Discrete Dynamics in Nature and Society
In this paper, some important dynamic characteristics such as multistability and synchronization phenomena are investigated for a game of an economic Cournot duopoly whose time evolution is received by the iteration of a noninvertible map in the plane. In the asymmetric case, the equilibrium points of game's map are calculated, and their stability conditions are obtained. The obtained results show that the Nash equilibrium point loses its stability through flip bifurcation. Under some
doi:10.1155/2022/8677470
fatcat:enfpayci7vajjp22vdbwz4atqm