Duopoly Game Model and Its Stability With Heterogeneous Players
The problem of duopoly output game was modeled with an iso-elastic demand and two different players. One was assumed to be naive player and the other was presumed to be bounded rational player. Also, this paper analyzed the stability of fixed point by Jurys criteria and studied the basin of attraction of fixed point via numerical simulation. The results show that the duopoly game model has only one fixed point which is locally stable, and the basin of attraction of fixed point will gradually decrease when combination point of parameters is close to the right boundary of basin of attraction.
duopoly game fixed point stability attraction basin
DENG Feng LU Yali
Department of Physical News and Management Physical Education College of Zhengzhou University Zhengz School of Management and Economy North China University of Water Resources and Electric Power Zhengz
国际会议
北京
英文
375-378
2011-08-08（万方平台首次上网日期，不代表论文的发表时间）