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Global Bifurcations in Duopoly when the Cournot Point is Destabilized through a Subcritical Neimark Bifurcation
Catholic University of Milano, Italy.
University of Urbino, Italy.
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
2003 (English)Report (Other academic)
Abstract [en]

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
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Research subject
URN: urn:nbn:se:umu:diva-24674OAI: diva2:227105
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.Available from: 2009-07-13 Created: 2009-07-09 Last updated: 2009-11-05

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ReferencesLink to record
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