126610 20241125101154.0 doi 10.1016/j.chaos.2023.113511 sideral 134104 ART-2023-134104 eng Andaluz, J. Universidad de Zaragoza (orcid)0000-0002-0679-6340 Dynamic behavior in a Cournot duopoly with social responsibility 2023 Access copy available to the general public Unrestricted In an oligopoly with isoelastic demand, the paper analyzes the quantity competition between NPM profit-maximizing firms and NRS socially responsible firms whose objective function is a linear combination of profit and consumer surplus. From the static analysis it follows that greater social responsibility has a competitive effect, since reduces the equilibrium price and increases the market share of socially responsible firms. In addition, it increases both the consumer surplus and total surplus. For the duopoly case, the dynamic study leads to the conclusion that, if at least one of the firms follows the gradient rule as an adjustment mechanism, an increase in the speed of adjustment is a source of instability. An increase in the value of the elasticity of demand as well as a reduction in the marginal cost has a stabilizing effect on the Cournot equilibrium. A higher level of social responsibility exerts a stabilizing role on the dynamics as long as demand is sufficiently elastic. info:eu-repo/grantAgreement/ES/AEI/PID2019-106822RB-I00 info:eu-repo/grantAgreement/ES/DGA/S40-20R info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 5.3 2023 PHYSICS, MATHEMATICAL 2 / 60 = 0.033 2023 Q1 T1 MATHEMATICS, INTERDISCIPLINARY APPLICATIONS 7 / 135 = 0.052 2023 Q1 T1 PHYSICS, MULTIDISCIPLINARY 18 / 112 = 0.161 2023 Q1 T1 1.349 2023 Applied Mathematics 2023 Q1 Mathematical Physics 2023 Q1 Statistical and Nonlinear Physics 2023 Q1 Physics and Astronomy (miscellaneous) 2023 Q1 Mathematics (miscellaneous) 2023 Q1 13.2 2023 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Elsadany, A.A. Jarne, G. Universidad de Zaragoza (orcid)0000-0001-6267-990X 4000 415 Universidad de Zaragoza Dpto. Análisis Económico Área Fund. Análisis Económico 172 (2023), 113511 [11 pp.] Chaos, solitons fractals Chaos, Solitons and Fractals 0960-0779 1856227 http://zaguan.unizar.es/record/126610/files/texto_completo.pdf Versión publicada 2564574 http://zaguan.unizar.es/record/126610/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:126610 articulos driver 2024-11-22-12:08:15 ARTICLE