Chaotic effect of constant marginal cost in nonlinear duopoly game with heterogeneous players
In this study we investigate the dynamics of a nonlinear discrete-time duopoly game, where the players have heterogeneous expectations linear demand and cost functions. Two players with different expectations are considered; one is boundedly rational and the other thinks with adaptive expectations...
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| Format: | Article |
| Language: | English |
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Eastern Macedonia and Thrace Institute of Technology
2015-01-01
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| Series: | Journal of Engineering Science and Technology Review |
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| Online Access: | http://www.jestr.org/downloads/Volume8Issue1/fulltext68115.pdf |