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through a period-doubling bifurcation. Moreover, by using numerical simulations (i.e., phase portraits, sensitive dependence …
Persistent link: https://www.econbiz.de/10009294609
heterogeneous expectations. We show that the Nash equilibrium can loose stability through a flip bifurcation when the consumer …
Persistent link: https://www.econbiz.de/10009294915
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
We analyse the stability issue in a Cournot duopoly with asymmetric unionism and heterogeneous players. We show that labour market institutions matter or the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of firm-specific unions on...
Persistent link: https://www.econbiz.de/10009321776
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 with...
Persistent link: https://www.econbiz.de/10009321777
heterogeneous expectations. We show that the Nash equilibrium can loose stability through a flip bifurcation when the consumer …
Persistent link: https://www.econbiz.de/10009321778
technologically determinant, intermediate bifurcation where growth shifts from being geographically to institutionally driven after …
Persistent link: https://www.econbiz.de/10009322660
We analyse the stability issue in a Cournot duopoly with heterogeneous players. We show that labour market institutions matter for the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of firm-specific unions on stability, when the degree...
Persistent link: https://www.econbiz.de/10009323469
-Nash equilibrium is more likely to be destabilised (through a flip bifurcation) than when firms maximise profits. Moreover, highly …
Persistent link: https://www.econbiz.de/10009323940
We study the stability issue in a Cournot duopoly with codetermined firms. We show that when both firms codetermine employment together with decentralised employees’ representatives, a rise in wages acts as an economic de-stabiliser (stabiliser) when the wage is fairly low (high), while under...
Persistent link: https://www.econbiz.de/10009325620