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Analysis and Control of the Complex Dynamics of a Multimarket Cournot Investment Game with Bounded Rationality
Author
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-05-09
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
A dynamic multimarket Cournot model is introduced based on a specific inverse demand function.
Puu’s incomplete information approach, as a realistic method, is used to contract the corresponding dynamical model under this function.
Therefore, some stability analysis is carried out on the model to detect the stability and instability conditions of the system’s Nash equilibrium.
Based on the analysis, some dynamic phenomena such as bifurcation and chaos are found.
Numerical simulations are used to provide experimental evidence for the complicated behaviors of the system evolution.
It is observed that the equilibrium of the system can lose stability via flip bifurcation or Neimark-Sacker bifurcation and time-delayed feedback control is used to stabilize the chaotic behaviors of the system.
American Psychological Association (APA)
Zhao, Liuwei. 2016. Analysis and Control of the Complex Dynamics of a Multimarket Cournot Investment Game with Bounded Rationality. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-10.
https://search.emarefa.net/detail/BIM-1103546
Modern Language Association (MLA)
Zhao, Liuwei. Analysis and Control of the Complex Dynamics of a Multimarket Cournot Investment Game with Bounded Rationality. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-10.
https://search.emarefa.net/detail/BIM-1103546
American Medical Association (AMA)
Zhao, Liuwei. Analysis and Control of the Complex Dynamics of a Multimarket Cournot Investment Game with Bounded Rationality. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-10.
https://search.emarefa.net/detail/BIM-1103546
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1103546