Market Share Delegation in a Bertrand Duopoly: Synchronisation and Multistability
نویسندگان
چکیده
منابع مشابه
Quantum approach to Bertrand duopoly
The aim of the paper is to study the Bertrand duopoly example in the quantum domain. We use two ways to write the game in terms of quantum theory. The first one adapts the Li-Du-Massar scheme for the Cournot duopoly. The second one is a simplified model that exploits a two qubit entangled state. In both cases we focus on finding Nash equilibria in the resulting games.
متن کاملMultistability and cyclic attractors in duopoly games
A dynamic Cournot duopoly game, whose time evolution is modeled by the iteration of a map T : x; y ! r1 y; r2 x, is considered. Results on the existence of cycles and more complex attractors are given, based on the study of the one-dimensional map F x r1 r2 x. The property of multistability, i.e. the existence of many coexisting attractors (that may be cycles or cyclic chaotic sets...
متن کاملDuopoly Information Equilibrium: Cournot and Bertrand
Consider a symmetric differentiated duopoly model in which firms have private market data about the uncertain demand. We analyze two types of duopoly information equilibrium, Cournot and Bertrand, which emerge, respectively, from quantity and price competition, and show that the incentives for information sharing and its welfare consequences depend crucially on the type of competition, the natu...
متن کاملQuantum Bertrand duopoly of incomplete information
We study Bertrand’s duopoly of incomplete information. It is found that the effect of quantum entanglement on the outcome of the game is dramatically changed by the uncertainty of information. In contrast with the case of complete information where the outcome increases with entanglement, when information is incomplete the outcome is maximized at some finite entanglement. As a consequence, info...
متن کاملTechnology adoption in a differentiated duopoly: Cournot versus Bertrand
This paper shows that the cost as well as the effectiveness of technology has a differential impact on technology adoption under two alternative modes of competition. If the cost of the technology is high, Bertrand competition provides a stronger incentive to adopt technology than Cournot competition unless the effectiveness of the technology is very low. On the contrary, if the cost of the tec...
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: Discrete Dynamics in Nature and Society
سال: 2015
ISSN: 1026-0226,1607-887X
DOI: 10.1155/2015/394810