6533b827fe1ef96bd12875c6

RESEARCH PRODUCT

Equilibrium in a duopoly game with homogeneous adaptive expectations and isoelastic demand

Sm BuccellatoElisabetta Tornatore

subject

Settore MAT/05 - Analisi Matematicaduopoly game isoelastic demand adaptive expectation

description

In this paper we consider a non linear discrete time Cournot duopoly game with isoelastic demand and where players have homogeneous adaptive expectations. The evolution of expected outputs over time is generated by the iteration of two-dimensional map and the long-run behavior is characterized by equilibrium points which are locally stable.

yearjournalcountryeditionlanguage
2011-01-01
http://hdl.handle.net/10447/67644