Chaos in Duopoly Pricing

被引：334

作者：

Puu, T. ^{[1
]}

机构：

[1] Umea Univ, Dept Econ, S-90187 Umea, Sweden

来源：

CHAOS SOLITONS & FRACTALS | 1991年 / 1卷 / 06期

关键词：

D O I：

10.1016/0960-0779(91)90045-B

中图分类号：

O1 [数学];

学科分类号：

0701 ; 070101 ;

摘要：

The dynamics of two competing firms in a market is studied in terms of Cournot's duopoly theory. Assuming iso-elastic demand and constant unit production costs the iterative mapping x(1)=root y(1-1)/a-y(1-1), y(1)=root x(1-1)/b-x(1-1) for the outputs of the two firms ensues. The two constants are the unit production costs. The fixed point, the Cournot equilibrium, has earlier been assumed to be the only interesting feature of this model. It is, however, shown that the model can produce persistent motion, periodic or chaotic.

引用

页码：573 / 581

页数：9