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- W2012920953 abstract "This paper considers the dynamics of an N-players Cournot game with quadratic dynamical system for stochastic output adjustment of firms. For each output adjustment, the firms can apply 3 strategies: increasing, decreasing or maintaining their last output based on their naive expectation and adaptation judgement. We concentrate on the transition process from non-equilibrium state to the equilibrium state, which intuitively illustrates the progressing of multi-agent systems from inefficient to efficient in the real world. An intermittent pattern is demonstrated that the firms' outputs remain stable at most time but bursts of output oscillation occur randomly and intermittently. A symmetric property in the strategy states of all the firms is found, which indicates that prevalent strategy reversals exist in periods of bursts." @default.
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- W2012920953 date "2013-12-01" @default.
- W2012920953 modified "2023-09-24" @default.
- W2012920953 title "Complex Dynamics of a N-Players Cournot Game with Adaptive Adjustments" @default.
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- W2012920953 doi "https://doi.org/10.1109/taai.2013.78" @default.
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