On modifications of Puu's dynamical duopoly

被引:77
作者
Ahmed, E [1 ]
Agiza, HN [1 ]
Hassan, SZ [1 ]
机构
[1] Mansoura Univ, Fac Sci, Dept Math, Mansoura 35516, Egypt
关键词
D O I
10.1016/S0960-0779(98)00322-1
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
Puu's economic dynamical model is extended to the following cases: Bounded rationality, differentiated goods and bounded rationality with delay. Tt is shown that delay increases stability. Hence firms using bounded rationality with delay has a higher chance of reaching Nash equilibrium, Stability and instability (cycles and chaos) conditions for all these cases are determined. (C) 2000 Published by Elsevier Science Ltd. All rights reserved.
引用
收藏
页码:1025 / 1028
页数:4
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