Two different routes to complex dynamics in an heterogeneous triopoly game

Ahmad Naimzada, Fabio Tramontana

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

20 Citazioni (Scopus)

Abstract

We study a triopoly game with heterogeneous players. The market is characterized by a nonlinear (isoelastic) demand function and three competitors. The main novelty is the double route to complex dynamics that we find and is quite rare in heterogeneous triopoly models. We show that the two routes have important implications for the economic interpretation of the dynamics emerging when the Cournot–Nash equilibrium becomes locally unstable. Moreover the model displays multistability of different attractors, requiring a global analysis of the dynamical system.
Lingua originaleEnglish
pagine (da-a)N/A-N/A
RivistaJournal of Difference Equations and Applications
DOI
Stato di pubblicazionePubblicato - 2015

Keywords

  • Global analysis
  • Triopoly game

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