ON A COURNOT DUOPOLY GAME WITH DIFFERENTIATED GOODS, HETEROGENEOUS EXPECTATIONS AND A COST FUNCTION INCLUDING EMISSION COSTS

ON A COURNOT DUOPOLY GAME WITH DIFFERENTIATED GOODS, HETEROGENEOUS EXPECTATIONS AND A COST FUNCTION INCLUDING EMISSION COSTS

In this study we investigate the dynamics of a nonlinear Cournot- type duopoly game with differentiated goods, linear demand and a cost function that includes emission costs. The game is modeled with a system of two difference equations. Existence and stability of equilibria of this system are studi...

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Bibliographic Details
Main Authors: Georges SARAFOPOULOS, Kosmas PAPADOPOULOS
Format: Article
Language:English
Published: University of Pitesti 2017-07-01
Series:Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice
Subjects:
Cournot duopoly game
Discrete dynamical system
Heterogeneous expectations
Stability
Chaotic behavior
Online Access:http://economic.upit.ro/repec/pdf/2017_1_2.pdf
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http://economic.upit.ro/repec/pdf/2017_1_2.pdf

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