Chaos Control on a Duopoly Game with Homogeneous Strategy
Joint Authors
Source
Discrete Dynamics in Nature and Society
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-07-12
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
We study the dynamics of a nonlinear discrete-time duopoly game, where the players have homogenous knowledge on the market demand and decide their outputs based on adaptive expectation.
The Nash equilibrium and its local stability are investigated.
The numerical simulation results show that the model may exhibit chaotic phenomena.
Quasiperiodicity is also found by setting the parameters at specific values.
The system can be stabilized to a stable state by using delayed feedback control method.
The discussion of control strategy shows that the effect of both firms taking control method is better than that of single firm taking control method.
American Psychological Association (APA)
Bai, Manying& Gao, Yazhou. 2016. Chaos Control on a Duopoly Game with Homogeneous Strategy. Discrete Dynamics in Nature and Society،Vol. 2016, no. 2016, pp.1-7.
https://search.emarefa.net/detail/BIM-1103549
Modern Language Association (MLA)
Bai, Manying& Gao, Yazhou. Chaos Control on a Duopoly Game with Homogeneous Strategy. Discrete Dynamics in Nature and Society No. 2016 (2016), pp.1-7.
https://search.emarefa.net/detail/BIM-1103549
American Medical Association (AMA)
Bai, Manying& Gao, Yazhou. Chaos Control on a Duopoly Game with Homogeneous Strategy. Discrete Dynamics in Nature and Society. 2016. Vol. 2016, no. 2016, pp.1-7.
https://search.emarefa.net/detail/BIM-1103549
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1103549