scholarly journals On a New Cournot Duopoly Game

2013 ◽  
Vol 2013 ◽  
pp. 1-5 ◽  
Author(s):  
H. N. Agiza ◽  
A. A. Elsadany ◽  
M. M. El-Dessoky

This paper presents a new Cournot duopoly game. The main advantage of this game is that the outputs are nonnegative for all times. We investigate the complexity of the corresponding dynamical behaviors of the game such as stability and bifurcations. Computer simulations will be used to confirm our theoretical results. It is found that the chaotic behavior of the game has been stabilized on the Nash equilibrium point by using delay feedback control method.

2014 ◽  
Vol 2014 ◽  
pp. 1-8 ◽  
Author(s):  
Jia Liu ◽  
Guoliang Liu ◽  
Na Li ◽  
Hongliang Xu

This paper considers a dynamic duopoly Cournot model based on nonlinear cost functions. The model with heterogeneous players and the spillover effect is applied to the Chinese fixed broadband telecom market. We have studied its dynamic game process. The existence and stability of the Nash equilibrium of the system have been discussed. Simulations are used to show the complex dynamical behaviors of the system. The results illustrate that altering the relevant parameters of system can affect the stability of the Nash equilibrium point and cause chaos to occur. With the use of the delay feedback control method, the chaotic behavior of the model has been stabilized at the Nash equilibrium point. The analysis and results will be of great importance for the Chinese fixed broadband telecom market.


2014 ◽  
Vol 2014 ◽  
pp. 1-7 ◽  
Author(s):  
A. A. Elsadany ◽  
A. E. Matouk

The delay Cournot duopoly game is studied. Dynamical behaviors of the game are studied. Equilibrium points and their stability are studied. The results show that the delayed system has the same Nash equilibrium point and the delay can increase the local stability region.


2011 ◽  
Vol 21 (11) ◽  
pp. 3171-3179 ◽  
Author(s):  
LINGLING MU ◽  
PING LIU ◽  
YANYAN LI ◽  
JINZHU ZHANG

In this paper, a real estate game model with nonlinear demand function is proposed. And an analysis of the game's local stability is carried out. It is shown that the stability of Nash equilibrium point is lost through period-doubling bifurcation as some parameters are varied. With numerical simulations method, the results of bifurcation diagrams, maximal Lyapunov exponents and strange attractors are presented. It is found that the chaotic behavior of the model has been stabilized on the Nash equilibrium point by using of nonlinear feedback control method.


2021 ◽  
Vol 2021 ◽  
pp. 1-15
Author(s):  
Jing Wang ◽  
Zhenhua Bao ◽  
Junqing Huang ◽  
Yujing Song

This article investigates the dynamics of a mixed triopoly game in which a state-owned public firm competes against two private firms. In this game, the public firm and private firms are considered to be boundedly rational and naive, respectively. Based on both quantity and price competition, the game’s equilibrium points are calculated, and then the local stability of boundary points and the Nash equilibrium points is analyzed. Numerical simulations are presented to display the dynamic behaviors including bifurcation diagrams, maximal Lyapunov exponent, and sensitive dependence on initial conditions. The chaotic behavior of the two models has been stabilized on the Nash equilibrium point by using the delay feedback control method. The thresholds under price and quantity competition are also compared.


Author(s):  
Kaveh Merat ◽  
Jafar Abbaszadeh Chekan ◽  
Hassan Salarieh ◽  
Aria Alasty

In this article by introducing and subsequently applying the Min–Max method, chaos has been suppressed in discrete time systems. By using this nonlinear technique, the chaotic behavior of Behrens–Feichtinger model is stabilized on its first and second-order unstable fixed points (UFP) in presence and absence of noise signal. In this step, a comparison has also been carried out among the proposed Min–Max controller and the Pyragas delayed feedback control method. Next, to reduce the computation required for controller design, the clustering method has been introduced as a quantization method in the Min–Max control approach. To improve the performance of the acquired controller through clustering method obtained with the Min–Max method, a linear optimal controller is also introduced and combined with the previously discussed nonlinear control law. The resultant combined controller has been applied on the Henon map and through comparison with both Pyragas controller, and the linear optimal controller alone, its advantages are discussed.


2018 ◽  
Vol 153 ◽  
pp. 06005
Author(s):  
Dongxiao Hou

In this paper, a two degree of freedom nonlinear vertical vibration equation of the cold rolling mill with the dynamic rolling force was established, then the delay feedback control method was introduced into the equation to controlled the vertical vibration of the system. The amplitude-frequency equations of primary resonance of system was carried out by using the multi-scale method, and the resonance characteristics of different parameters of delay feedback control method were obtained by adopting the actual parameters of rolling mill. It is found that the size of the resonance amplitude value was effectively controlled and the resonance region and jumping phenomenon of the system were eliminated by selecting the appropriate time-delay parameters combination, which provides an effective theoretical reference for solving mill vibration problems.


2020 ◽  
Vol 26 (15-16) ◽  
pp. 1367-1380
Author(s):  
Abdulrahman Al-khedhairi

The objective of the article is to study the dynamics of the proposed fractional-order Cournot triopoly game. Sufficient conditions for the existence and uniqueness of the triopoly game solution are obtained. Stability analysis of equilibrium points of the fractional-order game is also discussed. The conditions for the presence of Nash equilibrium point along with its global stability analysis are studied. The interesting dynamical behaviors of the arbitrary-order Cournot triopoly game are discussed. Moreover, the effects of seasonal periodic forcing on the game’s behaviors are examined. The 0–1 test is used to distinguish between regular and irregular dynamics of system behaviors. Numerical analysis is used to verify the theoretical results that are obtained, and revealed that the nonautonomous fractional-order model induces more complicated dynamics in the Cournot triopoly game behavior and the seasonally forced game exhibits more complex dynamics than the unforced one.


2019 ◽  
Vol 36 (3) ◽  
pp. 781-806 ◽  
Author(s):  
A. Al-khedhairi

PurposeFractional calculus provides powerful tool to build more realistic and accurate mathematical models in economic field. This paper aims to explore a proposed fractional-order differentiated Cournot duopoly game and its discretized game.Design/methodology/approachConditions for existence and uniqueness of the proposed game’s solution are derived. The existence of Nash equilibrium point and its local and global stability are obtained. Furthermore, local stability analysis of the discretized game is investigated. The effects of fractional-order on game’s dynamics are examined, along with other parameters of the game, via the 2D bifurcation diagrams in planes of system’s parameters are acquired.FindingsTheoretical and numerical simulation results demonstrate rich variety of interesting dynamical behaviors such as period-doubling and Neimark–Sacker bifurcations, attractors’ crises in addition to chaotic attractors. The results demonstrated that the stability Nash equilibrium point of the game can be lost by period doubling or Neimark–Sacker bifurcations.Practical implicationsOligopoly games are pivotal in the mathematical modeling of some substantial economic areas such as industrial organization, airline, banking, telecommunication companies, international trade and also macroeconomic analysis of business cycles, innovation and growth.Originality/valueAlthough the Cournot game and its variants have attracted great interest among mathematicians and economists since the time of its proposition till present, memory effects in continuous-time and discrete-time Cournot duopoly game have not been addressed yet. To the best of author’s knowledge, this can be considered as the first attempt to investigate this problem of fractional-order differentiated Cournot duopoly game. In addition, studying more realistic models of Cournot oligopoly games plays a pivotal role in the mathematical investigation and better understanding of some substantial economic areas such as industrial organization, airline, banking, telecommunication companies, international trade and also in macroeconomic analysis of business cycles, innovation and growth.


2019 ◽  
Vol 30 (09) ◽  
pp. 1950073 ◽  
Author(s):  
Cong Zhai ◽  
Weitiao Wu

Connected vehicles are expected to become commercially available by the next decade. In this work, we propose a delay feedback control method for car-following model on a gyroidal road. By using the Hurwitz criteria and the condition for transfer function in terms of [Formula: see text]-norm, the impact of controller gain coefficient and the delay time on the performance of traffic flow is investigated. Based on the bode curve, we verify that the designed delay feedback controller is effective in suppressing traffic congestion and reducing energy consumption. The enhanced traffic flow model is more sensitive to the controller gain coefficient and delay time at downhill situation compared to the uphill situation. The conclusion obtained from the simulation example is consistent with the theoretical analysis.


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