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:
ArXiv
影响因子:
--
通讯作者:
M. Ueda
M. Ueda
中科院分区:
其他
文献类型:
--
作者:
M. Ueda

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研究了信息不对称对有限理性双寡头动态古诺博弈的影响。具体地说,我们研究了在双寡头垄断中,一个博弈者对另一个博弈者行为的信息占有如何影响古诺-纳什均衡的稳定性。我们从理论上和数值计算表明,信息稳定的古诺纳什均衡和抑制混沌行为的双寡头。
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.