scholarly journals Analysis of Triopoly Game with Isoelastic Demand Function and Heterogeneous Players

2012 ◽  
Vol 2012 ◽  
pp. 1-16 ◽  
Author(s):  
Hong-Xing Yao ◽  
Lian Shi ◽  
Hao Xi

We analyze a triopoly game model with fully heterogeneous players when the demand function is isoelastic. The three players were considered to be bounded rational, adaptive, and naïve. Existing equilibrium points and their locally asymptotic stability conditions are studied. Complexity of the dynamical system is examined by means of numerical simulations, such as period cycles, bifurcation diagrams, strange attractors and sensitive, dependence on initial conditions. This paper extends the result of Tramontana (2010) who considered a heterogeneous duopoly with isoelastic demand function. Comparisons with respect to the heterogeneous triopoly model of Elabbasy et al. (2009) assuming linear demand function are performed.

2021 ◽  
Vol 31 (15) ◽  
Author(s):  
Penghe Ge ◽  
Hongjun Cao

The existence of chaos in the Rulkov neuron model is proved based on Marotto’s theorem. Firstly, the stability conditions of the model are briefly renewed through analyzing the eigenvalues of the model, which are very important preconditions for the existence of a snap-back repeller. Secondly, the Rulkov neuron model is decomposed to a one-dimensional fast subsystem and a one-dimensional slow subsystem by the fast–slow dynamics technique, in which the fast subsystem has sensitive dependence on the initial conditions and its snap-back repeller and chaos can be verified by numerical methods, such as waveforms, Lyapunov exponents, and bifurcation diagrams. Thirdly, for the two-dimensional Rulkov neuron model, it is proved that there exists a snap-back repeller under two iterations by illustrating the existence of an intersection of three surfaces, which pave a new way to identify the existence of a snap-back repeller.


2011 ◽  
Vol 2011 ◽  
pp. 1-12 ◽  
Author(s):  
Junhai Ma ◽  
Xiaosong Pu

A dynamic triopoly game characterized by firms with different expectations is modeled by three-dimensional nonlinear difference equations, where the market has quadratic inverse demand function and the firm possesses cubic total cost function. The local stability of Nash equilibrium is studied. Numerical simulations are presented to show that the triopoly game model behaves chaotically with the variation of the parameters. We obtain the fractal dimension of the strange attractor, bifurcation diagrams, and Lyapunov exponents of the system.


2008 ◽  
Vol 18 (11) ◽  
pp. 3233-3297 ◽  
Author(s):  
LEQUAN MIN ◽  
YAN MENG ◽  
LEON O. CHUA

The study of chemical reactions with oscillating kinetics has drawn increasing interest over the last few decades because it also contributes towards a deeper understanding of the complex phenomena of temporal and spatial organizations in biological systems. The Cellular Nonlinear Network (CNN) local activity principle introduced by Chua [1997, 2005] has provided a powerful tool for studying the emergence of complex patterns in a homogeneous lattice formed by coupled cells. Recently, Yang and Epstein proposed a reaction–diffusion Oregonator model with five variables for mimicking the Belousov–Zhabotinskii reaction. The Yang–Epstein model can generate oscillatory Turing patterns, including the twinkling eye, localized spiral and concentric wave structures. In this paper, we first propose a modified Yang–Epstein's Oregonator model by introducing a controller, and then map the revised Oregonator reaction–diffusion system into a reaction–diffusion Oregonator CNN. The Oregonator CNN has two cell equilibrium points Q1 = (0, 0, 0, 0, 0) and Q2, representing the "original" equilibrium point and an additional equilibrium point, respectively. The bifurcation diagrams of the Oregonator CNN are calculated using the analytical criteria for local activity. The bifurcation diagrams of the Oregonator CNN at Q1 have only locally active and unstable regions; and the ones at Q2 have locally passive regions, locally active and unstable regions, and edge of chaos regions. The calculated results show that the parameter groups of the Oregonator CNN which generate complex patterns are located on the edge of chaos regions, or on locally active unstable regions near the edge of chaos boundary. Numerical simulations show also that the Oregonator CNNs can generate similar dynamics patterns if the parameter groups are selected the same as those of the Yang–Epstein model. In particular, the parameters of the Yang–Epstein model which exhibit twinkling-eye patterns, and pinwheel patterns are located on the edges of chaos regions near the boundaries of locally active unstable regions with respect to Q2. The parameters of the Yang–Epstein models which exhibit labyrinthine stripelike patterns are located on the locally active unstable regions near the boundaries of the edge of chaos regions with respect to Q2. However the parameter group of the Yang–Epstein model with isolated spiral patterns is in the locally passive region near the boundary with edge of chaos with respect to Q2, whose trajectories tend to the equilibrium point Q2. Choosing a kind of triggering initial conditions given in [Chua, 1997], and the parameters of the Oregonator equations with the twinkling-eye patterns, pinwheel patterns, labyrinthine stripelike patterns, and isolated spiral patterns, three kinds of new spiral waves generated by the Oregonator CNNs were observed by numerical simulations. They seem to be essentially different patterns to those generated by the Oregonator CNNs with initial conditions consisting of equilibrium points plus small random perturbations. Our results demonstrate once again Chua's assertion that a wide spectrum of complex behaviors may exist if the corresponding CNN cell parameters are chosen in or near the edge of chaos region.


2017 ◽  
Vol 9 (7) ◽  
pp. 168781401770281 ◽  
Author(s):  
K Alnowibet ◽  
SS Askar ◽  
AA Elsadany

This article investigates the dynamics of a Cournot triopoly game whose demand function is characterized by log-concavity. The game is formed using the bounded rationality approach. The existence and local stability of steady states of the game are analyzed. We find that an increase in the game parameters out of the stability region destabilizes the Cournot–Nash steady state. We confirm our obtained results using some numerical simulation. The simulation shows the consistence with the theoretical analysis and displays new and interesting dynamic behaviors, including bifurcation diagrams, phase portraits, maximal Lyapunov exponent, and sensitive dependence on initial conditions. Finally, a feedback control scheme is adopted to overcome the uncontrollable behavior of the game’s system occurred due to chaos.


2014 ◽  
Vol 19 (1) ◽  
pp. 118-131 ◽  
Author(s):  
Lingrui Zhao ◽  
Jixiang Zhang

In this paper, a price competition model with two heterogeneous players participating in carbon emission trading is formulated. The stable conditions of the equilibrium points of this system are discussed. Numerical simulations are used to show bifurcation diagrams, strange attractors, and sensitive dependence on initial conditions. We observe that the speed of adjustment of bounded rational player may change the stability of the Nash equilibrium and cause the system to behave chaotically. In addition, we find that the price of emission permits plays an important role in the duopoly game. The chaotic behavior of the system has been stabilized on the Nash equilibrium point by applying delay feedback control method.


2016 ◽  
Vol 2016 ◽  
pp. 1-11 ◽  
Author(s):  
Hongliang Tu ◽  
Xinyu Wang

The oligopoly market is modelled by a new dynamic master-slave Cournot triopoly game model with bounded rational rule. The local stabile conditions and the stable region are got by the dynamical systems bifurcation theory. The dynamics characteristics of the system with the changes of the adjustment speed parameters are analyzed by means of bifurcation diagram, largest Lyapunov exponents, phase portrait, and sensitive dependence on initial conditions. Furthermore, the parameters adjustment method is used to control the complex dynamical behaviors of the systems. The derived results have some important theoretical and practical meanings for the oligopoly market.


2007 ◽  
Vol 2007 ◽  
pp. 1-14 ◽  
Author(s):  
Junhai Ma ◽  
Lingling Mu

We establish a nonlinear real estate model based on cobweb theory, where the demand function and supply function are quadratic. The stability conditions of the equilibrium are discussed. We demonstrate that as some parameters varied, the stability of Nash equilibrium is lost through period-doubling bifurcation. The chaotic features are justified numerically via computing maximal Lyapunov exponents and sensitive dependence on initial conditions. The delayed feedback control (DFC) method is applied to control the chaos of system.


2020 ◽  
Vol 37 (6) ◽  
pp. 939-953
Author(s):  
Muhammet Emin Sahin ◽  
Hasan Guler ◽  
Serdar Ethem Hamamci

In this study, a memristor based hyperchaotic circuit is presented and implemented for communication systems on FPGA platform. Four dimensional hyperchaotic system, which contains active flux controlled memristor is designed by using a smooth continuous nonlinearity. Dynamical characteristics of designed hyperchaotic circuit are examined such as equilibrium points, chaotic attractors, Lyapunov exponents and bifurcation diagram. Furthermore, an electronic circuit model of hyperchaotic system has been modeled and results are submitted. Chaotic circuits are used in communication systems especially in secure communication due to their sensitive dependence on the initial conditions, not periodic, and having a spread spectrum. By using nonlinearity of memristor, the signals obtained from memristor based hyperchaotic system have been realized to analog and digital communication schemes on FPGA platform, which is suitable for re-programmable and reconfigurable systems. The success of memristor based hyperchaotic circuit with FPGA based communication is demonstrated by both simulation and experimental results.


Entropy ◽  
2021 ◽  
Vol 23 (7) ◽  
pp. 876
Author(s):  
Wieslaw Marszalek ◽  
Jan Sadecki ◽  
Maciej Walczak

Two types of bifurcation diagrams of cytosolic calcium nonlinear oscillatory systems are presented in rectangular areas determined by two slowly varying parameters. Verification of the periodic dynamics in the two-parameter areas requires solving the underlying model a few hundred thousand or a few million times, depending on the assumed resolution of the desired diagrams (color bifurcation figures). One type of diagram shows period-n oscillations, that is, periodic oscillations having n maximum values in one period. The second type of diagram shows frequency distributions in the rectangular areas. Each of those types of diagrams gives different information regarding the analyzed autonomous systems and they complement each other. In some parts of the considered rectangular areas, the analyzed systems may exhibit non-periodic steady-state solutions, i.e., constant (equilibrium points), oscillatory chaotic or unstable solutions. The identification process distinguishes the later types from the former one (periodic). Our bifurcation diagrams complement other possible two-parameter diagrams one may create for the same autonomous systems, for example, the diagrams of Lyapunov exponents, Ls diagrams for mixed-mode oscillations or the 0–1 test for chaos and sample entropy diagrams. Computing our two-parameter bifurcation diagrams in practice and determining the areas of periodicity is based on using an appropriate numerical solver of the underlying mathematical model (system of differential equations) with an adaptive (or constant) step-size of integration, using parallel computations. The case presented in this paper is illustrated by the diagrams for an autonomous dynamical model for cytosolic calcium oscillations, an interesting nonlinear model with three dynamical variables, sixteen parameters and various nonlinear terms of polynomial and rational types. The identified frequency of oscillations may increase or decrease a few hundred times within the assumed range of parameters, which is a rather unusual property. Such a dynamical model of cytosolic calcium oscillations, with mitochondria included, is an important model in which control of the basic functions of cells is achieved through the Ca2+ signal regulation.


2020 ◽  
Vol 7 (1) ◽  
pp. 163-175
Author(s):  
Mehdi Pourbarat

AbstractWe study the theory of universality for the nonautonomous dynamical systems from topological point of view related to hypercyclicity. The conditions are provided in a way that Birkhoff transitivity theorem can be extended. In the context of generalized linear nonautonomous systems, we show that either one of the topological transitivity or hypercyclicity give sensitive dependence on initial conditions. Meanwhile, some examples are presented for topological transitivity, hypercyclicity and topological conjugacy.


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