DYNAMIC BEHAVIOUR IN A BERTRAND MODEL WITH BOUNDED RATIONAL PLAYERS
Imperfect competition represents a main topic of modern economic analysis. It can be easily noticed in the actual economic climate, manifesting in relation with product quantity (Cournot model), price (Bertrand model) or quality. Whether we are talking about the output or price competition scenari...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2021-06-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2021-03/04_Rusescu.pdf |