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The chaotic duopolists revisited
Umeå University, Faculty of Social Sciences, Department of Economics.
1998 (English)In: Journal of Economic Behavior and Organization, ISSN 0167-2681, E-ISSN 1879-1751, Vol. 33, no 3-4, 385-394 p.Article in journal (Other academic) Published
Abstract [en]

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.
Keyword [en]
Duopoly, Oligopoly, Chaos, Bifurcation
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-24529DOI: doi:10.1016/S0167-2681(97)00064-4OAI: oai:DiVA.org:umu-24529DiVA: diva2:226643
Note
Proceedings Paper, 5th Viennese Workshop on Advances in Nonlinear Economic Dynamics BRATISLAVA, AUSTRIA, MAY, 1995 Available from: 2009-07-02 Created: 2009-07-02 Last updated: 2017-12-13

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