Ding, Zhanwen; Wang, Qiao; Jiang, Shumin - In: Economic Modelling 39 (2014) C, pp. 204-212
In this work, a dynamic system of investment game played by two firms with bounded rationality is proposed. It is assumed that each firm in any period makes a strategy for investment and uses local knowledge to make investment strategy according to the marginal profit observed in the previous...