Open AccessA Note on a Modified Cournot-Puu Duopoly
Author(s) -
José S. Cánovas
Publication year - 2015
Publication title -
journal of difference equations
Language(s) - English
Resource type - Journals
eISSN - 2356-7848
pISSN - 2356-7856
DOI - 10.1155/2015/545364
Subject(s) - duopoly , cournot competition , observable , mathematical economics , mathematical optimization , mathematics , computer science , physics , quantum mechanics
The aim of this paper is to analyze a classical duopoly model introduced by Puu in 1991 when lower bounds for productions are added to the model. In particular, we prove that the complexity of the modified model is smaller than or equal to the complexity of the seminal one by comparing their topological entropies. We also discuss whether the dynamical complexity of the new model is physically observable
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom