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Complex Dynamics Analysis for a Cournot-Bertrand Mixed Game Model with Delayed Bounded Rationality
Joint Authors
Source
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-10-28
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Abstract EN
A Cournot-Bertrand mixed duopoly game model is constructed.
The existence and local stable region of the Nash equilibria point are investigated.
Complex dynamic properties such as bifurcation and route to chaos are analyzed using parameter basin plots.
The strange attractors are also studied when the system is in chaotic states.
Furthermore, considering the memory of the market, a delayed Cournot-Bertrand mixed model is considered and the results show that the delayed system has the same Nash equilibrium and has a higher chance of reaching steady states or cycles than the model without delay.
So making full use of the historical data can improve the system’s stability.
American Psychological Association (APA)
Ma, Junhai& Wang, Hongwu. 2013. Complex Dynamics Analysis for a Cournot-Bertrand Mixed Game Model with Delayed Bounded Rationality. Abstract and Applied Analysis،Vol. 2013, no. 2013, pp.1-11.
https://search.emarefa.net/detail/BIM-457522
Modern Language Association (MLA)
Ma, Junhai& Wang, Hongwu. Complex Dynamics Analysis for a Cournot-Bertrand Mixed Game Model with Delayed Bounded Rationality. Abstract and Applied Analysis No. 2013 (2013), pp.1-11.
https://search.emarefa.net/detail/BIM-457522
American Medical Association (AMA)
Ma, Junhai& Wang, Hongwu. Complex Dynamics Analysis for a Cournot-Bertrand Mixed Game Model with Delayed Bounded Rationality. Abstract and Applied Analysis. 2013. Vol. 2013, no. 2013, pp.1-11.
https://search.emarefa.net/detail/BIM-457522
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-457522