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Research on a Dynamic Master-Slave Cournot Triopoly Game Model with Bounded Rational Rule and Its Control
Joint Authors
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-03-22
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
The oligopoly market is modelled by a new dynamic master-slave Cournot triopoly game model with bounded rational rule.
The local stabile conditions and the stable region are got by the dynamical systems bifurcation theory.
The dynamics characteristics of the system with the changes of the adjustment speed parameters are analyzed by means of bifurcation diagram, largest Lyapunov exponents, phase portrait, and sensitive dependence on initial conditions.
Furthermore, the parameters adjustment method is used to control the complex dynamical behaviors of the systems.
The derived results have some important theoretical and practical meanings for the oligopoly market.
American Psychological Association (APA)
Tu, Hongliang& Wang, Xinyu. 2016. Research on a Dynamic Master-Slave Cournot Triopoly Game Model with Bounded Rational Rule and Its Control. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-11.
https://search.emarefa.net/detail/BIM-1111866
Modern Language Association (MLA)
Tu, Hongliang& Wang, Xinyu. Research on a Dynamic Master-Slave Cournot Triopoly Game Model with Bounded Rational Rule and Its Control. Mathematical Problems in Engineering No. 2016 (2016), pp.1-11.
https://search.emarefa.net/detail/BIM-1111866
American Medical Association (AMA)
Tu, Hongliang& Wang, Xinyu. Research on a Dynamic Master-Slave Cournot Triopoly Game Model with Bounded Rational Rule and Its Control. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-11.
https://search.emarefa.net/detail/BIM-1111866
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1111866