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- W2022381108 abstract "Abstract A dynamic Cournot game characterized by three boundedly rational players is modeled by three nonlinear difference equations. The stability of the equilibria of the discrete dynamical system is analyzed. As some parameters of the model are varied, the stability of Nash equilibrium is lost and a complex chaotic behavior occurs. Numerical simulation results show that complex dynamics, such as, bifurcations and chaos are displayed when the value of speed of adjustment is high. The global complexity analysis can help players to take some measures and avoid the collapse of the output dynamic competition game." @default.
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- W2022381108 date "2012-11-01" @default.
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- W2022381108 title "Competition analysis of a triopoly game with bounded rationality" @default.
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- W2022381108 doi "https://doi.org/10.1016/j.chaos.2012.07.003" @default.
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