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Complex dynamics with three oligopolists
Umeå University, Faculty of Social Sciences, Department of Economics.
1996 (English)In: Chaos, Solitons & Fractals, ISSN 0960-0779, Vol. 7, no 12, 2075-2081 p.Article in journal (Refereed) Published
Abstract [en]

The adjustment process by three Cournot oligopolists is studied. An iso-elastic demand function and constant marginal costs are assumed. The system can easily result in chaotic behaviour, and a much richer variety of bifurcations will occur than in the case of duopoly with two agents, discussed before under the same assumptions.

Place, publisher, year, edition, pages
1996. Vol. 7, no 12, 2075-2081 p.
Keyword [en]
Cournot oligopoly
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URN: urn:nbn:se:umu:diva-24517DOI: 10.1016/S0960-0779(96)00073-2OAI: diva2:226620
Available from: 2009-07-02 Created: 2009-07-02

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Puu, Tönu
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