The paper analyzes a two-stage oligopoly game of semi-collusion in production described by a system with a symmetric structure. We examine the local stability of a Nash equilibrium and the presence of bifurcations. We discover that the model is capable of exhibiting extremely complicated dynamic behaviors.
Complex dynamics of a model with R&D competition / Ferrara, M.; Ciano, T.; Gangemi, M.; Guerrini, L.. - In: SYMMETRY. - ISSN 2073-8994. - 13:12(2021), p. 2262. [10.3390/sym13122262]
Complex dynamics of a model with R&D competition
Ferrara M.
Supervision
;Ciano T.;Gangemi M.;
2021-01-01
Abstract
The paper analyzes a two-stage oligopoly game of semi-collusion in production described by a system with a symmetric structure. We examine the local stability of a Nash equilibrium and the presence of bifurcations. We discover that the model is capable of exhibiting extremely complicated dynamic behaviors.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
