首页    期刊浏览 2024年11月23日 星期六
登录注册

文章基本信息

  • 标题:The Chaos Dynamic of Multiproduct Cournot Duopoly Game with Managerial Delegation
  • 本地全文:下载
  • 作者:Fang Wu ; Junhai Ma
  • 期刊名称:Discrete Dynamics in Nature and Society
  • 印刷版ISSN:1026-0226
  • 电子版ISSN:1607-887X
  • 出版年度:2014
  • 卷号:2014
  • DOI:10.1155/2014/206961
  • 出版社:Hindawi Publishing Corporation
  • 摘要:Although oligopoly theory is generally concerned with the single-product firm, what is true in the real word is that most of the firms offer multiproducts rather than single products in order to obtain cost-saving advantages, cater for the diversity of consumer tastes, and provide a barrier to entry. We develop a dynamical multiproduct Cournot duopoly model in discrete time, where each firm has an owner who delegates the output decision to a manager. The principle of decision-making is bounded rational. And each firm has a nonlinear total cost function due to the multiproduct framework. The Cournot Nash equilibrium and the local stability are investigated. The tangential bifurcation and intermittent chaos are reported by numerical simulations. The results show that high output adjustment speed can lead to output fluctuations which are characterized by phases of low volatility with small output changes and phases of high volatility with large output changes. The intermittent route to chaos of Flip bifurcation and another intermittent route of Flip bifurcation which contains Hopf bifurcation can exist in the system. The study can improve our understanding of intermittent chaos frequently observed in oligopoly economy.
国家哲学社会科学文献中心版权所有