Title of article :
Detecting simple dynamics in Cournot-like models
Author/Authors :
Guirao، نويسنده , , Juan Luis Garcيa and Rubio، نويسنده , , Raquel Garcيa، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2009
Abstract :
We introduced the so-called Cournot-like models, i.e. n -dimensional discrete dynamical systems which constitute the mathematical environment for modeling some economic and biological processes. The main aim of this work is to present a characterization of the dynamical simplicity for these types of systems through the property “to have zero topological entropy”. Cournot-like systems generalize the well-known economic situation of competition in a duopolistic market introduces by Cournot in 1838.
Keywords :
Cournot-like map , Dynamical simplicity , Cournot duopoly model , Discrete dynamical system
Journal title :
Journal of Computational and Applied Mathematics
Journal title :
Journal of Computational and Applied Mathematics