A robust route to randomness in a simple Cournot duopoly game where ambiguity aversion meets constant expectations
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10254411" target="_blank" >RIV/61989100:27510/24:10254411 - isvavai.cz</a>
Result on the web
<a href="https://link.springer.com/article/10.1007/s10479-023-05686-8" target="_blank" >https://link.springer.com/article/10.1007/s10479-023-05686-8</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10479-023-05686-8" target="_blank" >10.1007/s10479-023-05686-8</a>
Alternative languages
Result language
angličtina
Original language name
A robust route to randomness in a simple Cournot duopoly game where ambiguity aversion meets constant expectations
Original language description
In this paper we investigate the dynamics of a duopoly game with ambiguity aversion regarding uncertainty in demand and constant expectations concerning competitor production. The focus is on an asymmetric Cournot game where players engage in robust optimization and have different beliefs about the possible realizations of the random parameters of the price function. The players' ambiguity aversion introduces multiple equilibria and instability that otherwise would not be present. The investigation of the global dynamics of the game reveals the emergence, through border-collision bifurcations, of periodic and chaotic dynamics. (C) 2023, The Author(s).
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA23-06282S" target="_blank" >GA23-06282S: Evolutionary economic dynamics with finite populations: Modeling and applications</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Annals of Operations Research
ISSN
0254-5330
e-ISSN
1572-9338
Volume of the periodical
337
Issue of the periodical within the volume
3
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
39
Pages from-to
769-807
UT code for WoS article
001205212100006
EID of the result in the Scopus database
2-s2.0-85176796926