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- W4226227889 abstract "In this discussion draft, we investigate five different models of duopoly games, where the market is assumed to have an isoelastic demand function. Moreover, quadratic cost functions reflecting decreasing returns to scale are considered. The games in this draft are formulated with systems of two nonlinear difference equations. Existing equilibria and their local stability are analyzed by symbolic computations. In the model where a gradiently adjusting player and a rational (or a boundedly rational) player compete with each other, diseconomies of scale are proved to have an effect of stability enhancement, which is consistent with the similar results found by Fisher for homogeneous oligopolies with linear demand functions." @default.
- W4226227889 created "2022-05-05" @default.
- W4226227889 creator A5045840604 @default.
- W4226227889 date "2022-03-18" @default.
- W4226227889 modified "2023-10-18" @default.
- W4226227889 title "Cournot duopoly games with isoelastic demands and diseconomies of scale" @default.
- W4226227889 doi "https://doi.org/10.48550/arxiv.2203.09972" @default.
- W4226227889 hasPublicationYear "2022" @default.
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