Complex Dynamics of a Model with R&D Competition
The paper analyzes a two-stage oligopoly game of semi-collusion in production described by a system with a symmetric structure. We examine the local stability of a Nash equilibrium and the presence of bifurcations. We discover that the model is capable of exhibiting extremely complicated dynamic beh...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-11-01
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| Series: | Symmetry |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2073-8994/13/12/2262 |