SYSTEM DYNAMICS MODEL OF A COURNOT OLIGOPOLY WITH TIME DELAYS

被引:0
作者
Spicar, Radim [1 ]
机构
[1] Univ West Bohemia, Plzen, Czech Republic
来源
HRADEC ECONOMIC DAYS 2014: ECONOMIC DEVELOPMENT AND MANAGEMENT OF REGIONS, PT V | 2014年
关键词
oligopoly; Cournot; system dynamics; modeling; time delays;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper examines the influence of time delays on establishing equilibrium in a Cournot Oligopoly model by using the tools of system dynamics, specifically by using a simulation done in Vensim PLE software. The first section briefly introduces system dynamics and the tools that are used in the field; the second section applies these tools to the Cournot oligopoly problem. First, a simulation of a standard behavior without time delays is done. Afterwards, time delays are introduced into the model and their influence on establishing equilibrium is analyzed.
引用
收藏
页码:416 / 423
页数:8
相关论文
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