Dynamics of a delayed duopoly game with bounded rationality
نویسنده
چکیده
A bounded rationality duopoly game with delay is formulated. Its dynamical evolution is analyzed. The existence of an economic equilibrium of the game is derived. The local stability analysis has been carried out. The analysis showed that firms using delayed bounded rationality have a higher chance of reaching a Nash equilibrium point. Numerical simulations were used to show bifurcation diagrams and phase portraits. © 2010 Elsevier Ltd. All rights reserved.
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ورودعنوان ژورنال:
- Mathematical and Computer Modelling
دوره 52 شماره
صفحات -
تاریخ انتشار 2010