Effect of information asymmetry in Cournot duopoly game with bounded rationality
Effect of information asymmetry in Cournot duopoly game with bounded rationality
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DOI:
10.1016/j.amc.2019.06.049
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发表时间:
2018-09
期刊:
影响因子:
--
通讯作者:
M. Ueda
中科院分区:
文献类型:
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作者:
M. Ueda
We investigate the effect of information asymmetry on a dynamic Cournot duopoly game with bounded rationality. Concretely, we study how one player’s possession of information about the other player’s behavior in a duopoly affects the stability of the Cournot-Nash equilibrium. We theoretically and numerically show that the information stabilizes the Cournot-Nash equilibrium and suppresses chaotic behavior in the duopoly.