Analytic solutions of nonlinear Cournot duopoly game
Author(s) -
Akio Matsumoto,
Mami Suzuki
Publication year - 2005
Publication title -
discrete dynamics in nature and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.264
H-Index - 39
eISSN - 1607-887X
pISSN - 1026-0226
DOI - 10.1155/ddns.2005.119
Subject(s) - cournot competition , duopoly , nonlinear system , mathematical economics , order (exchange) , construct (python library) , mathematics , production (economics) , economics , mathematical optimization , computer science , microeconomics , physics , finance , quantum mechanics , programming language
We construct a Cournot duopoly model with production externality in which reaction functions are unimodal. We consider the case of a Cournot model which has a stable equilibrium point. Then we show the existence of analytic solutions of the model. Moreover, we seek general solutions of the model in the form of nonlinear second-order difference equation
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