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 behaviors.
Titolo: | Complex dynamics of a model with R&D competition | |
Autori: | ||
Data di pubblicazione: | 2021 | |
Rivista: | ||
Abstract: | 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 behaviors. | |
Handle: | http://hdl.handle.net/11566/295843 | |
Appare nelle tipologie: | 1.1 Articolo in rivista |
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