Using the approach first introduced by Smale, we study a duopolistic market where agents have bounded memory and rationality. A stable cooperative equilibrium is achieved by employing a dynamical system that takes into account repeated interactions between firms and a set of behavioural rules.
Dynamical systems and the arising of cooperation in a Cournot duopoly
COCCORESE, Paolo
2005-01-01
Abstract
Using the approach first introduced by Smale, we study a duopolistic market where agents have bounded memory and rationality. A stable cooperative equilibrium is achieved by employing a dynamical system that takes into account repeated interactions between firms and a set of behavioural rules.File in questo prodotto:
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