Stability and Multistability of a Bounded Rational Mixed Duopoly Model with Homogeneous Product

In this paper, a mixed duopoly dynamic model with bounded rationality is built, where a public-private joint venture and a private enterprise produce homogeneous products and compete in the same market. The purpose of this research is to study the stability and the multistability of the established...

Full description

Bibliographic Details
Main Authors: Wei Zhou, Na Zhao, Tong Chu, Ying-Xiang Chang
Format: Article
Language:English
Published: Hindawi-Wiley 2020-01-01
Series:Complexity
Online Access:http://dx.doi.org/10.1155/2020/4580415