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- W2384023608 abstract "In order to study whether the Nash-Cournot equilibrium exists in all duopoly Cournot game,a low-price elastic demand function was constructed using a dynamical system method,and a dynamical duopoly Cournot model was also developed based on the demand function constructed in this study.In addition,the 2-competitors model was extended to n-competitors model.The result shows that whether the existence of Nash-Cournot equilibrium in an oligopoly game was determined by the amount of firms in supply and the elasticity of price in demand.This result provides a more general explanation to the stability of dynamical Cournot model and the existence of Nash-Cournot equilibrium.Also,the result demonstrates that the elasticity of price in housing demand is not the explanation of the sustained rise of housing price in China." @default.
- W2384023608 created "2016-06-24" @default.
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- W2384023608 date "2012-01-01" @default.
- W2384023608 modified "2023-09-24" @default.
- W2384023608 title "Dynamics of Cournot model with non-elasticity demand" @default.
- W2384023608 hasPublicationYear "2012" @default.
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