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- W2052746208 abstract "This paper considers an n firms oligopoly model with isoelastic demand function and linear cost function. This model is introduced in two different dynamical systems. In the first system, firms are assumed have naive expectation, while in the second system, firms are assumed to have bounded rationality. We study the dynamics of both dynamical systems in the special case of firms behaving identically. The main result shows that as the number of firm increases, the equilibrium in the first system becomes unstable when the number of firms is greater than four, while in the second system, there is a change in the region of stability for the equilibrium." @default.
- W2052746208 created "2016-06-24" @default.
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- W2052746208 date "2014-01-01" @default.
- W2052746208 modified "2023-10-12" @default.
- W2052746208 title "Dynamics of two nonlinear oligopoly models" @default.
- W2052746208 doi "https://doi.org/10.1063/1.4882510" @default.
- W2052746208 hasPublicationYear "2014" @default.
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