A continuous time Cournot duopoly with delays
نویسندگان
چکیده
منابع مشابه
Incentive Contracts in a Cournot Duopoly
We discuss how owners can use incentive contracts to guide a manager in a duopoly. We show how owners can use the terms of the contract as a strategic lever and that asymmetric information increases the advantage to the firm with the lower marginal cost. The need for a contract depends on the source of asymmetric information and, using this insight, we show why it is important to distinguish th...
متن کاملNonlinear dynamics in a Cournot duopoly with relative profit delegation
The present study analyses the dynamics of a nonlinear Cournot duopoly with managerial delegation and bounded rational players. Problems concerning strategic delegation (based on relative performance evaluations) have recently received in depth attention in both the theoretical and empirical industrial economics literatures. In this paper, we take a dynamic view of this problem and assume that ...
متن کاملNonlinear dynamics in a Cournot duopoly with isoelastic demand
This paper analyses the dynamics of a nonlinear Cournot duopoly with general isoelastic demand (quasi-linear preferences) and quantity-setting firms that have incomplete information about the market demand. Unlike existing papers, we propose a model where the price elasticity of demand is different from one. This causes interesting local and global dynamic events that cannot be observed in the ...
متن کاملInformation exchange in a Cournot duopoly with nonlinear demand function
We study information sharing in a Cournot duopoly with isoelastic demand function, when the elasticity is uncertain. This is one of the rst attempts to analyze the role of nonlinearity in such a framework. We found important results about the pro tability of sharing informations when marginal costs are high and/or the variance between elasticity values is low. From the point of view of welfare ...
متن کاملA dynamic Cournot duopoly model with different strategies
ess as: A ciety (20 and host s.2014.0 Abstract This paper analyzes the dynamics of a Cournot duopoly model with different strategies. We offer results on existence, stability and local bifurcations of the equilibrium points. The bifurcation diagrams and Lyapunov exponents of the model are presented to show that the model behaves chaotically with the variation in the parameters. The state variab...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Chaos, Solitons & Fractals
سال: 2015
ISSN: 0960-0779
DOI: 10.1016/j.chaos.2015.01.020