Nonlinear Cournot and Bertrand-type dynamic triopoly with differentiated products and heterogeneous expectations
Andaluz, J. (Universidad de Zaragoza) ; Elsadany, A.A. ; Jarne, G. (Universidad de Zaragoza)
Resumen: In a differentiated triopoly model with heterogeneous firms, the local stability of the Nash equilibrium under both quantity and price competition is analyzed. We find that the presence of a firm following a gradient rule based on marginal profits, and a player with adaptive expectations, determines the local stability of the Nash equilibrium, regardless the competition type, while the effects of the degree of product differentiation on the stability depend on the nature of products. Moreover, the Nash equilibrium is more stable under quantity competition than under price competition.
Idioma: Inglés
DOI: 10.1016/j.matcom.2016.07.001
Año: 2017
Publicado en: MATHEMATICS AND COMPUTERS IN SIMULATION 132 (2017), 86-99
ISSN: 0378-4754
Factor impacto JCR: 1.476 (2017)
Categ. JCR: MATHEMATICS, APPLIED rank: 60 / 252 = 0.238 (2017) - Q1 - T1
Categ. JCR: COMPUTER SCIENCE, SOFTWARE ENGINEERING rank: 46 / 104 = 0.442 (2017) - Q2 - T2
Categ. JCR: COMPUTER SCIENCE, INTERDISCIPLINARY APPLICATIONS rank: 70 / 105 = 0.667 (2017) - Q3 - T3
Factor impacto SCIMAGO: 0.613 - Computer Science (miscellaneous) (Q1) - Theoretical Computer Science (Q2) - Applied Mathematics (Q2) - Modeling and Simulation (Q2) - Numerical Analysis (Q3)
Financiación: info:eu-repo/grantAgreement/ES/DGA/S10
Financiación: info:eu-repo/grantAgreement/ES/DGA/S13
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2013-41353-P
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material.
Exportado de SIDERAL (2019-07-09-11:37:06)
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Idioma: Inglés
DOI: 10.1016/j.matcom.2016.07.001
Año: 2017
Publicado en: MATHEMATICS AND COMPUTERS IN SIMULATION 132 (2017), 86-99
ISSN: 0378-4754
Factor impacto JCR: 1.476 (2017)
Categ. JCR: MATHEMATICS, APPLIED rank: 60 / 252 = 0.238 (2017) - Q1 - T1
Categ. JCR: COMPUTER SCIENCE, SOFTWARE ENGINEERING rank: 46 / 104 = 0.442 (2017) - Q2 - T2
Categ. JCR: COMPUTER SCIENCE, INTERDISCIPLINARY APPLICATIONS rank: 70 / 105 = 0.667 (2017) - Q3 - T3
Factor impacto SCIMAGO: 0.613 - Computer Science (miscellaneous) (Q1) - Theoretical Computer Science (Q2) - Applied Mathematics (Q2) - Modeling and Simulation (Q2) - Numerical Analysis (Q3)
Financiación: info:eu-repo/grantAgreement/ES/DGA/S10
Financiación: info:eu-repo/grantAgreement/ES/DGA/S13
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2013-41353-P
Tipo y forma: Article (PostPrint)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material. Exportado de SIDERAL (2019-07-09-11:37:06)
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Record created 2018-01-17, last modified 2019-07-09