Market Share Delegation in a Bertrand Duopoly: Synchronisation and Multistability
Joint Authors
Michetti, Elisabetta
Mammana, Cristiana
Gori, Luca
Fanti, Luciano
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-03-26
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Abstract EN
This paper tackles the issue of local and global analyses of a duopoly game with price competition and market share delegation.
The dynamics of the economy is characterised by a differentiable two-dimensional discrete time system.
The paper stresses the importance of complementarity between products as a source of synchronisation in the long term, in contrast to the case of their substitutability.
This means that when products are complements, players may coordinate their behaviour even if initial conditions are different.
In addition, there exist multiple attractors so that even starting with similar conditions may end up generating very different dynamic patterns.
American Psychological Association (APA)
Fanti, Luciano& Gori, Luca& Mammana, Cristiana& Michetti, Elisabetta. 2015. Market Share Delegation in a Bertrand Duopoly: Synchronisation and Multistability. Discrete Dynamics in Nature and Society،Vol. 2015, no. 2015, pp.1-13.
https://search.emarefa.net/detail/BIM-1060492
Modern Language Association (MLA)
Fanti, Luciano…[et al.]. Market Share Delegation in a Bertrand Duopoly: Synchronisation and Multistability. Discrete Dynamics in Nature and Society No. 2015 (2015), pp.1-13.
https://search.emarefa.net/detail/BIM-1060492
American Medical Association (AMA)
Fanti, Luciano& Gori, Luca& Mammana, Cristiana& Michetti, Elisabetta. Market Share Delegation in a Bertrand Duopoly: Synchronisation and Multistability. Discrete Dynamics in Nature and Society. 2015. Vol. 2015, no. 2015, pp.1-13.
https://search.emarefa.net/detail/BIM-1060492
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1060492