Global Bifurcations in Duopoly when the Cournot Point is Destabilized through a Subcritical Neimark Bifurcation
2003 (English)Report (Other academic)
An adaptive oligopoly model, where the demand function is isoelastic and the competitors operate under constant marginal costs, is considered. The Cournot equilibrium point then loses stability through a subcritical Neimark bifurcation. The present paper focuses some global bifurcations, which precede the Neimark bifurcation, and produce other attractors which coexist with the still attractive Cournot fixed point.
Place, publisher, year, edition, pages
2003. , 25 p.
, CERUM Working Paper, ISSN 1404-5362 ; 66
Research subject Economics
IdentifiersURN: urn:nbn:se:umu:diva-24674OAI: oai:DiVA.org:umu-24674DiVA: diva2:227105
Distributor:Centrum för regionalvetenskap (CERUM), 90187, Umeå
Published in International Game Theory Review ISSN 0219-1989 2006 vol 8 no 1 pp 1-20. World Scientific Publishing. Changes
may have been made to this work since it was submitted for publication.2009-07-132009-07-092009-11-05