Equilibrium in a duopoly game with homogeneous adaptive expectations and isoelastic demand

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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 originaleEnglish
pagine (da-a)25-32
Numero di pagine8
RivistaBOLLETTINO DI MATEMATICA PURA E APPLICATA
VolumeIV
Stato di pubblicazionePublished - 2011

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