Nonlinear dynamics of a Cournot duopoly game with differentiated products

作者：

Highlights：

• A Cournot duopoly with product differentiation is considered.

• Local stability conditions are provided with respect to the role of product differentiation.

• Neimark–Sacker and flip bifurcation may destabilize the unique Nash equilibrium.

• Global analysis shows attractor coexistence and complex basins’ structure.

摘要

•A Cournot duopoly with product differentiation is considered.•Local stability conditions are provided with respect to the role of product differentiation.•Neimark–Sacker and flip bifurcation may destabilize the unique Nash equilibrium.•Global analysis shows attractor coexistence and complex basins’ structure.

论文关键词：Bifurcation,Global analysis,Oligopoly,Cournot game,Product differentiation

论文评审过程：Received 31 July 2015, Revised 13 October 2015, Accepted 18 January 2016, Available online 10 February 2016, Version of Record 10 February 2016.

论文官网地址：https://doi.org/10.1016/j.amc.2016.01.045