Global and Local Analysis for a Cournot Duopoly Game with Two Different Objective Functions

Global and Local Analysis for a Cournot Duopoly Game with Two Different Objective Functions

In this paper, a Cournot game with two competing firms is studied. The two competing firms seek the optimality of their quantities by maximizing two different objective functions. The first firm wants to maximize an average of social welfare and profit, while the second firm wants to maximize their...

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Bibliographic Details
Main Authors: Sameh Askar, Abdulaziz Foul, Tarek Mahrous, Saleh Djemele, Emad Ibrahim
Format: Article
Language:English
Published: MDPI AG 2021-12-01
Series:Mathematics
Subjects:
cobweb model
dynamics
gradient mechanism
stability
bifurcation
Online Access:https://www.mdpi.com/2227-7390/9/23/3119

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https://www.mdpi.com/2227-7390/9/23/3119

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