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Global bifurcations in a piecewise-smooth Cournot duopoly game
Università degli Studi di Urbino, Department of Economics and Quantitative Methods, Urbino, Italy.
Università degli Studi di Urbino, Department of Economics and Quantitative Methods, Urbino, Italy.
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
2010 (English)In: Chaos, Solitons & Fractals, ISSN 0960-0779, E-ISSN 1873-2887, Vol. 43, no 1–12, 15-24 p.Article in journal (Refereed) Published
Abstract [en]

The object of the work is to perform the global analysis of the Cournot duopoly model with isoelastic demand function and unit costs, presented in Puu [2]. The bifurcation of the unique Cournot fixed point is established, which is a resonant case of the Neimark–Sacker bifurcation. New properties associated with the introduction of horizontal branches are evidenced. These properties differ significantly when the constant value is zero or positive and small. The good behavior of the case with positive constant is proved, leading always to positive trajectories. Also when the Cournot fixed point is unstable, stable cycles of any period may exist.

Place, publisher, year, edition, pages
2010. Vol. 43, no 1–12, 15-24 p.
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-100236OAI: oai:DiVA.org:umu-100236DiVA: diva2:790929
Available from: 2015-02-26 Created: 2015-02-26 Last updated: 2017-12-04

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