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)