NDLI: Duopoly game model and its stability with heterogeneous players

Content Provider	IEEE Xplore Digital Library
Author	Deng Feng Lu Yali
Copyright Year	2011
Description	Author affiliation: School of Management and Economy, North China University of Water Resources and Electric Power, Zhengzhou, China (Lu Yali) \|\| Department of Physical News and Management, Physical Education College of Zhengzhou University, China (Deng Feng)
Abstract	The problem of duopoly output game was modeled with an iso-elastic demand and two different players. One was assumed to be naive player and the other was presumed to be bounded rational player. Also, this paper analyzed the stability of fixed point by Jury's criteria and studied the basin of attraction of fixed point via numerical simulation. The results show that the duopoly game model has only one fixed point which is locally stable, and the basin of attraction of fixed point will gradually decrease when combination point of parameters is close to the right boundary of basin of attraction.
Starting Page	375
Ending Page	378
File Size	379501
Page Count	4
File Format	PDF
ISBN	9781424496655
e-ISBN	9781424496662
DOI	10.1109/ICEMMS.2011.6015699
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2011-08-08
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Chaos Economics Asymptotic stability Stability Stability criteria Attraction basin Games Duopoly game Numerical stability Fixed point
Content Type	Text
Resource Type	Article

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