COMPLEXITY OF A REAL ESTATE GAME MODEL WITH A NONLINEAR DEMAND FUNCTION

2011 ◽  
Vol 21 (11) ◽  
pp. 3171-3179 ◽  
Author(s):  
LINGLING MU ◽  
PING LIU ◽  
YANYAN LI ◽  
JINZHU ZHANG
Keyword(s):  
Nash Equilibrium ◽  
Real Estate ◽  
Equilibrium Point ◽  
Demand Function ◽  
Control Method ◽  
Chaotic Behavior ◽  
Period Doubling ◽  
Game Model ◽  
Nonlinear Feedback ◽  
Nash Equilibrium Point

In this paper, a real estate game model with nonlinear demand function is proposed. And an analysis of the game's local stability is carried out. It is shown that the stability of Nash equilibrium point is lost through period-doubling bifurcation as some parameters are varied. With numerical simulations method, the results of bifurcation diagrams, maximal Lyapunov exponents and strange attractors are presented. It is found that the chaotic behavior of the model has been stabilized on the Nash equilibrium point by using of nonlinear feedback control method.

scholarly journals Dynamics Analysis of Game and Chaotic Control in the Chinese Fixed Broadband Telecom Market

2014 ◽  
Vol 2014 ◽  
pp. 1-8 ◽  
Author(s):  
Jia Liu ◽  
Guoliang Liu ◽  
Na Li ◽  
Hongliang Xu
Keyword(s):  
Nash Equilibrium ◽  
Equilibrium Point ◽  
Control Method ◽  
Chaotic Behavior ◽  
Spillover Effect ◽  
Dynamic Game ◽  
Nash Equilibrium Point ◽  
Heterogeneous Players ◽  
Existence And Stability ◽  
Feedback Control Method

This paper considers a dynamic duopoly Cournot model based on nonlinear cost functions. The model with heterogeneous players and the spillover effect is applied to the Chinese fixed broadband telecom market. We have studied its dynamic game process. The existence and stability of the Nash equilibrium of the system have been discussed. Simulations are used to show the complex dynamical behaviors of the system. The results illustrate that altering the relevant parameters of system can affect the stability of the Nash equilibrium point and cause chaos to occur. With the use of the delay feedback control method, the chaotic behavior of the model has been stabilized at the Nash equilibrium point. The analysis and results will be of great importance for the Chinese fixed broadband telecom market.

scholarly journals On a New Cournot Duopoly Game

2013 ◽  
Vol 2013 ◽  
pp. 1-5 ◽  
Author(s):  
H. N. Agiza ◽  
A. A. Elsadany ◽  
M. M. El-Dessoky
Keyword(s):  
Nash Equilibrium ◽  
Control Method ◽  
Chaotic Behavior ◽  
Cournot Duopoly ◽  
Nash Equilibrium Point ◽  
Dynamical Behaviors ◽  
Feedback Control Method ◽  
Delay Feedback Control ◽  
Stability And Bifurcations ◽  
Theoretical Results

This paper presents a new Cournot duopoly game. The main advantage of this game is that the outputs are nonnegative for all times. We investigate the complexity of the corresponding dynamical behaviors of the game such as stability and bifurcations. Computer simulations will be used to confirm our theoretical results. It is found that the chaotic behavior of the game has been stabilized on the Nash equilibrium point by using delay feedback control method.

scholarly journals Complexity Analysis of a 3-Player Game with Bounded Rationality Participating in Nitrogen Emission Reduction

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-16 ◽  
Author(s):  
Jixiang Zhang ◽  
Xuan Xi
Keyword(s):  
Nash Equilibrium ◽  
Equilibrium Point ◽  
Bounded Rationality ◽  
Control Method ◽  
Initial Conditions ◽  
Equilibrium Points ◽  
Stable Region ◽  
Nitrogen Emissions ◽  
Nash Equilibrium Point ◽  
The Stability

In this paper, a decision-making competition game model concerning governments, agricultural enterprises, and the public, all of which participate in the reduction of nitrogen emissions in the watersheds, is established based on bounded rationality. First, the stability conditions of the equilibrium points in the system are discussed, and the stable region of the Nash equilibrium is determined. Then, the bifurcation diagram, maximal Lyapunov exponent, strange attractor, and sensitive dependence on the initial conditions are shown through numerical simulations. The research shows that the adjustment speed of three players’ decisions may alter the stability of the Nash equilibrium point and lead to chaos in the system. Among these decisions, a government’s decision has the largest effect on the system. In addition, we find that some parameters will affect the stability of the system; when the parameters become beneficial for enterprises to reduce nitrogen emissions, the increase in the parameters can help control the chaotic market. Finally, the delay feedback control method is used to successfully control the chaos in the system and stabilize it at the Nash equilibrium point. The research of this paper is of great significance to the environmental governance decisions and nitrogen reduction management.

Nash Equilibrium Points for Generalized Matrix Game Model with Interval Payoffs

2021 ◽  
pp. 2150021
Author(s):  
Ajay Kumar Bhurjee ◽  
Vinay Yadav
Keyword(s):  
Nash Equilibrium ◽  
Equilibrium Point ◽  
Equilibrium Points ◽  
Linear Optimization ◽  
Sufficient Conditions ◽  
Matrix Game ◽  
Game Model ◽  
Data Sets ◽  
Nash Equilibrium Point ◽  
Generalized Matrix

Game theory-based models are widely used to solve multiple competitive problems such as oligopolistic competitions, marketing of new products, promotion of existing products competitions, and election presage. The payoffs of these competitive models have been conventionally considered as deterministic. However, these payoffs have ambiguity due to the uncertainty in the data sets. Interval analysis-based approaches are found to be efficient to tackle such uncertainty in data sets. In these approaches, the payoffs of the game model lie in some closed interval, which are estimated by previous information. The present paper considers a multiple player game model in which payoffs are uncertain and varies in a closed intervals. The necessary and sufficient conditions are explained to discuss the existence of Nash equilibrium point of such game models. Moreover, Nash equilibrium point of the model is obtained by solving a crisp bi-linear optimization problem. The developed methodology is further applied for obtaining the possible optimal strategy to win the parliament election presage problem.

scholarly journals Complex Dynamics and Chaos Control on a Kind of Bertrand Duopoly Game Model considering R&D Activities

2017 ◽  
Vol 2017 ◽  
pp. 1-13 ◽  
Author(s):  
Hongliang Tu ◽  
Xueli Zhan ◽  
Xiaobing Mao
Keyword(s):  
Nash Equilibrium ◽  
Equilibrium Point ◽  
Complex Dynamics ◽  
Spillover Effects ◽  
Game Model ◽  
Complex Dynamic ◽  
Nash Equilibrium Point ◽  
Straight Line ◽  
Stable Conditions ◽  
The Stability

We study a dynamic research and development two-stage input competition game model in the Bertrand duopoly oligopoly market with spillover effects on cost reduction. We investigate the stability of the Nash equilibrium point and local stable conditions and stability region of the Nash equilibrium point by the bifurcation theory. The complex dynamic behaviors of the system are shown by numerical simulations. It is demonstrated that chaos occurs for a range of managerial policies, and the associated unpredictability is solely due to the dynamics of the interaction. We show that the straight line stabilization method is the appropriate management measure to control the chaos.

scholarly journals A Type of Time-Symmetric Stochastic System and Related Games

Symmetry ◽  
2021 ◽  
Vol 13 (1) ◽  
pp. 118
Author(s):  
Qingfeng Zhu ◽  
Yufeng Shi ◽  
Jiaqiang Wen ◽  
Hui Zhang
Keyword(s):  
Nash Equilibrium ◽  
Time Delay ◽  
Differential Equations ◽  
Equilibrium Point ◽  
Stochastic Differential Equations ◽  
Stochastic System ◽  
Stochastic Systems ◽  
Necessary Condition ◽  
Nash Equilibrium Point ◽  
Doubly Stochastic

This paper is concerned with a type of time-symmetric stochastic system, namely the so-called forward–backward doubly stochastic differential equations (FBDSDEs), in which the forward equations are delayed doubly stochastic differential equations (SDEs) and the backward equations are anticipated backward doubly SDEs. Under some monotonicity assumptions, the existence and uniqueness of measurable solutions to FBDSDEs are obtained. The future development of many processes depends on both their current state and historical state, and these processes can usually be represented by stochastic differential systems with time delay. Therefore, a class of nonzero sum differential game for doubly stochastic systems with time delay is studied in this paper. A necessary condition for the open-loop Nash equilibrium point of the Pontriagin-type maximum principle are established, and a sufficient condition for the Nash equilibrium point is obtained. Furthermore, the above results are applied to the study of nonzero sum differential games for linear quadratic backward doubly stochastic systems with delay. Based on the solution of FBDSDEs, an explicit expression of Nash equilibrium points for such game problems is established.

Complexity of Nonlinear Dynamic Outputs Model in the Electricity Triopoly

2014 ◽  
Vol 1008-1009 ◽  
pp. 1395-1398
Author(s):  
Wei Zhuo Ji
Keyword(s):  
Electric Power ◽  
Dynamic Model ◽  
Nonlinear Dynamic ◽  
Chaos Control ◽  
Control Method ◽  
Repeated Game ◽  
Game Model ◽  
Nonlinear Feedback ◽  
Nonlinear Dynamic Model

A dynamic repeated model has been established in electric power Triopoly. The chaos and density cycling of the nonlinear dynamic model are investigated in detail. The nonlinear feedback chaos control method is successfully applied to the dynamic repeated game model.

scholarly journals Dynamic Cournot Duopoly Game with Delay

2014 ◽  
Vol 2014 ◽  
pp. 1-7 ◽  
Author(s):  
A. A. Elsadany ◽  
A. E. Matouk
Keyword(s):  
Nash Equilibrium ◽  
Equilibrium Point ◽  
Local Stability ◽  
Stability Region ◽  
Equilibrium Points ◽  
Cournot Duopoly ◽  
Nash Equilibrium Point ◽  
Dynamical Behaviors ◽  
Delayed System

The delay Cournot duopoly game is studied. Dynamical behaviors of the game are studied. Equilibrium points and their stability are studied. The results show that the delayed system has the same Nash equilibrium point and the delay can increase the local stability region.

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