On Comparing between Two Nonlinear Cournot Duopoly Models
The comparison between two nonlinear duopoly models constructed based on symmetric utility function that is derived from Cobb–Douglas is investigated in this paper. The first model consists of two firms which update their outputs using gradient-based mechanism called bounded rationality. The second...
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| Format: | Article |
| Language: | English |
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Hindawi-Wiley
2021-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2021/6641852 |