Volume : V, Issue : V, May - 2016

Dynamic Model for Homogenous and Heterogeneous Duopoly

Dr. Amanpreet Singh

Abstract :

 Cournot Oligopoly are the most frequently discussed models in the literature of mathematical economics. Based on the pioneering work many researchers have examined the properties with product differentiation, multi–product models, labor–managed firms, rent–seeking games within the Cournot framework. The present paper deals with the duality of price and quantities in a differentiated duopoly of the different variants and extensions of the classical Cournot’s model. The second section of the present study, is to investigate the dynamic behaviour of a heterogeneous model with heterogeneous expectation rules. The existence and local stability of equiliium points of nonlinear map are analyzed. In oligopoly, firms can use the same strategy or use different strategies, but here we study different strategy to maximize their profit .

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr. Amanpreet Singh Dynamic Model for Homogenous and Heterogeneous Duopoly International Journal of Scientific Research, Vol : 5, Issue : 5 MAY 2016

Number of Downloads : 744

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