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The dynamics of a Bertrand duopoly with differentiated products and bounded rational firms revisited
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
with bounded rationality. Chaos, Solitons and Fractals 39, 2048–2055), by introducing sound microeconomic foundations. We … study how an increase in the relative degree of product differentiation affects the stability of the unique positive … on initial conditions and Lyapunov exponents), we find that a “quasi-periodic” route to chaos and a large gamma of …
Persistent link: https://www.econbiz.de/10009294609
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The dynamics of a differentiated duopoly with quantity competition
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro-founded differentiated products demand. The present analysis, which modifies and extends Zhang et al. (2007) (Zhang, J., Da, Q., Wang, Y., 2007. Analysis of nonlinear duopoly game...
Persistent link: https://www.econbiz.de/10009294922
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Stability analysis in a Cournot duopoly with managerial sales delegation and bounded rationality
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2011
periodicity and deterministic chaos can also occur as the managers’ bonus increases. …
Persistent link: https://www.econbiz.de/10009323940
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A continuous time Cournot duopoly with delays
Gori, Luca; Guerrini, Luca; Sodini, Mauro - Volkswirtschaftliche Fakultät, … - 2015
This paper extends the classical repeated duopoly model with quantity-setting firms of Bischi et al. (1998) by assuming that production of goods is subject to some gestation lags but exchanges take place continuously on the market. The model is expressed in the form of differential equations...
Persistent link: https://www.econbiz.de/10011183539
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On Stable Equilibria in Discrete-Space Social Interaction Models
Akamatsu, Takashi; Fujishima, Shota; Takayama, Yuki - Volkswirtschaftliche Fakultät, … - 2014
equilibria for any degree of discretization, which necessitates a stability analysis of equilibria. We present a general … framework for characterizations of equilibria and their stability under a broad class of evolutionary dynamics by using the …
Persistent link: https://www.econbiz.de/10011118534
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Bottleneck congestion and distribution of work start times: The economics of staggered work hours revisited
Takayama, Yuki - Volkswirtschaftliche Fakultät, … - 2014
Since the seminal work of Henderson (1981), a number of studies examined the effect of staggered work hours by analyzing models of work start time choice that consider the trade-off between negative congestion externalities and positive production externalities. However, these studies described...
Persistent link: https://www.econbiz.de/10011112352
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On natural selection in oligopolistic markets
Corchon, Luis - Volkswirtschaftliche Fakultät, … - 1990
In this paper I analyze the kind of behavior which can be considered evolutively stable in an oligopolistic market
Persistent link: https://www.econbiz.de/10008472220
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Deterministic randomness in a model of finance and growth
Gomes, Orlando - Volkswirtschaftliche Fakultät, … - 2007
Following the literature on growth, cycles and financial development, this paper develops an endogenous growth model where the source of endogenous business cycles relates to the allocation of credit between productive investment and consumption. An important role is given to consumer sentiment,...
Persistent link: https://www.econbiz.de/10005836012
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A note on Poincaré recurrence in Anosov diffeomorphic transformation of discretized outline of some plant leaves
Mishra, SK - Volkswirtschaftliche Fakultät, … - 2014
This note provides some examples of plant leaves whose outline maps exhibit Poincaré recurrence and mixing while subjected to repeated Anosov diffeomorphic transformation. The datasets and a computer program (Fortran 77) have also been given.
Persistent link: https://www.econbiz.de/10011111374
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Nonlinear dynamics in an OLG growth model with young and old age labour supply: the role of public health expenditure
Gori, Luca; Sodini, Mauro - Volkswirtschaftliche Fakultät, … - 2011
This paper analyses the dynamics of a two-dimensional overlapping generations model with young and old age labour supply. It is shown that the public provision of health investments, which, in turn, affects the demand for material consumption, may represent a source of local indeterminacy,...
Persistent link: https://www.econbiz.de/10008805890