Analysis of a duopoly game with heterogeneous players participating in carbon emission trading
نویسندگان
چکیده
منابع مشابه
Nonlinear dynamics in the Cournot duopoly game with heterogeneous players
We analyze a nonlinear discrete-time Cournot duopoly game, where players have heterogeneous expectations. Two types of players are considered: boundedly rational and naive expectations. In this study we show that the dynamics of the duopoly game with players whose beliefs are heterogeneous, may become complicated. The model gives more complex chaotic and unpredictable trajectories as a conseque...
متن کاملDynamics analysis and chaos control of a duopoly game with heterogeneous players and output limiter
Article history: Accepted 22 April 2013 JEL classification: C62 C68 D43 D21 L13 L25
متن کاملDynamics of a Duopoly Game with Heterogeneous Players and Time Delay
Abstract: In this work, the dynamics of a duopoly game with two heterogeneous players and time delay is investigated. It is assumed that one player adopts adaptive adjustment method and another considers time delay for marginal profit. A nonlinear dynamics is built and theoretical and numerical stability analysis is done for it. It is shown that time delay plays an important role in the system ...
متن کاملA Bidding Game with Heterogeneous Players
A one-sided limit order book is modeled as a noncooperative game for several players. Agents offer various quantities of an asset at different prices, competing to fulfill an incoming order, whose size is not known a priori. Players can have different payoff functions, reflecting different beliefs about the fundamental value of the asset and probability distribution of the random incoming order...
متن کاملAnalysis of nonlinear triopoly game with heterogeneous players
The paper considers a nonlinear duopoly game with heterogeneous players, boundely rational and naive expectations. A duopoly game is modelled by two nonlinear difference equations. The existence and stability of the equilibria of this system are studied. The complex dynamics, bifurcations and chaos are displayed by computing numerically the largest Lyapunov exponents, sensitive dependence on in...
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: Nonlinear Analysis: Modelling and Control
سال: 2014
ISSN: 2335-8963,1392-5113
DOI: 10.15388/na.2014.1.8