The chaotic duopolists revisited
1998 (English)In: Journal of Economic Behavior and Organization, ISSN 0167-2681, Vol. 33, no 3-4, 385-394 p.Article in journal (Other academic) Published
The adjustment process of three oligopolists is studied, under Cournot and Stackelberg action. It is demonstrated that with an iso-elastic demand function and constant marginal costs, the system can result in periodic or in chaotic behaviour. In particular, the case with two identical and one different oligopolists is focused, which turns into a virtual duopoly, though displaying a wider set of bifurcations than can occur in genuine duopoly.
Place, publisher, year, edition, pages
1998. Vol. 33, no 3-4, 385-394 p.
Duopoly, Oligopoly, Chaos, Bifurcation
IdentifiersURN: urn:nbn:se:umu:diva-24529DOI: doi:10.1016/S0167-2681(97)00064-4OAI: oai:DiVA.org:umu-24529DiVA: diva2:226643
Proceedings Paper, 5th Viennese Workshop on Advances in Nonlinear Economic Dynamics
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