Dynamics of a bounded rational Cournot duopoly model with cooperation

  • Abdelaziz Foul King Saud University
Keywords: Cournot’s duopoly model, Cooperation in duopoly, Existence and Stability of Equilibrium, Simulation modeling.

Abstract

In this paper, a description of a Cournot duopoly model based on a general inverse demand function and a quadratic cost function is investigated. Existence and stability of equilibrium points are investigated analytically and numerically. Cooperation in duopoly is considered with “tit-for tat” strategy.

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Published
2019-07-16
How to Cite
Foul, A. (2019). Dynamics of a bounded rational Cournot duopoly model with cooperation. Journal of Progressive Research in Mathematics, 15(2), 2609-2623. Retrieved from http://scitecresearch.com/journals/index.php/jprm/article/view/1742
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