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

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.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11386/1063003
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