The Birth of Limit Cycles in Nonlinear Oligopolies with Continuously Distributed Information Lags
作者： Carl Chiarella , Ferenc Szidarovszky
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摘要: The dynamic behavior of the output in nonlinear oligopolies is examined when equilibrium locally unstable. Continuously distributed time lags are assumed obtaining information about rivals’ as well or implementing firms’ own output. Hopf bifurcation theorem used to find conditions under which limit cycle motion born. In addition classical Cournot model, labor managed and rent seeking also investigated.
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