Nonlinear Cournot Duopoly Game

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F18%3A50014652" target="_blank" >RIV/62690094:18450/18:50014652 - isvavai.cz</a>
Result on the web
<a href="https://uni.uhk.cz/hed/site/assets/files/1072/proceedings_2018_2.pdf" target="_blank" >https://uni.uhk.cz/hed/site/assets/files/1072/proceedings_2018_2.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Nonlinear Cournot Duopoly Game
Original language description
The study of structure of different markets haven’t been finished yet. Even such a well-known concept as oligopoly can be described by different models with different assumptions and with different values of parameters. The aim of this paper is to consider a nonlinear inverse demand function in Cournot duopoly model. Provided there is a sufficiently large proportion between costs of the two firm it is possible to observe nonlinear phenomena such as bifurcation of limit values of production or deterministic chaos. To prove a sensitive dependence on initial condition, that accompanies deterministic chaos, the concept of Lyapunov exponent is used. We also discuss that the particular values of parameters are not important for the discussion about the mentioned nonlinear phenomena but that their possible presence is worth to know.
Czech name
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Czech description
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Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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