Dynamical analysis of a Cournot duopoly model
In this paper, two different mechanisms are used to study a homogeneous Cournot duopoly in a market characterized by the downward sloping and concave price function. Two firms, which have constant marginal costs, use adaptive, low-rationality mechanisms to adjust their production levels toward equil...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2016-10-01
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| Series: | Journal of the Egyptian Mathematical Society |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1110256X16300207 |