Abstract
In this paper we consider a non linear discrete time Cournot duopoly game with isoelastic demand and where players have homogeneous adaptive expectations. The evolution of expected outputs over time is generated by the iteration of two-dimensional map and the long-run behavior is characterized by equilibrium points which arelocally stable.
Lingua originale | English |
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pagine (da-a) | 25-32 |
Numero di pagine | 8 |
Rivista | BOLLETTINO DI MATEMATICA PURA E APPLICATA |
Volume | IV |
Stato di pubblicazione | Published - 2011 |