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.

Complex dynamics of a model with R&D competition

Guerrini L.
2021-01-01

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.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11566/295843
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