Delay Cournot Duopoly Models Revisited

公開日:2018.01.30

発行日
2018年01月
概要
In considering economic dynamics, it has been known that time delays are inherent in economic phenomena and could be crucial sources for oscillatory behavior. The main aim of this study is to shed light on what effects the delays can generate. To this end, three different models of Cournot duopoly with different delays are build in a continuous time framework and their local and global dynamics are analytically and numerically examined. Three major fi…ndings are obtained. First, the stability switching conditions are analytically constructed. Second, it is numerically demonstrated that different length of the delays are sources for the birth of simple and complicated dynamics. Third, the delay for collecting information on the competitors ’output alone does not affect stability.
キーワード

Implementation delay

Information delay

Cournot duopoly

Stability switching curve

Dual roles

Bifurcation diagram

文献等

掲載誌名・書名:

IERCU Discussion Paper, No.298

公開者・出版社:

経済研究所

種類
紀要
言語
英語
権利情報
この資料の著作権は、資料の著作者または学校法人中央大学に帰属します。著作権法が定める私的利用・引用を超える使用を希望される場合には、掲載誌発行部局へお問い合わせください。

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