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- Puu, Tönu, 1936-
(författare)
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Complex dynamics with three oligopolists
- 1996
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Ingår i: Chaos, Solitons & Fractals. - 0960-0779 .- 1873-2887. ; 7:12, s. 2075-2081
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Tidskriftsartikel (refereegranskat)abstract
- The adjustment process by three Cournot oligopolists is studied. An iso-elastic demand function and constant marginal costs are assumed. The system can easily result in chaotic behaviour, and a much richer variety of bifurcations will occur than in the case of duopoly with two agents, discussed before under the same assumptions.
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- Puu, Tönu, 1936-
(författare)
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The chaotic monopolist
- 1995
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Ingår i: Chaos, Solitons & Fractals. - : Elsevier BV. - 0960-0779 .- 1873-2887. ; 5:1, s. 35-44
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Tidskriftsartikel (refereegranskat)abstract
- The search of a profit maximum by a monopolistic firm is studied, given a demand function with variable elasticity of demand. The system has multiple optimal solutions, so the search algorithm may result in chaotic behaviour.
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