scholarly journals Local and global analysis of a nonlinear duopoly game with heterogeneous firms

2020 ◽  
Vol 2020 (1) ◽  
Author(s):  
Sameh Askar
Keyword(s):  
Local Stability ◽  
Global Analysis ◽  
Heterogeneous Firms ◽  
Basins Of Attraction ◽  
Nash Equilibrium Point ◽  
Time Dynamic ◽  
Demand Functions ◽  
Numerical Investigations ◽  
Nash Point ◽  
Formula Type

AbstractIn this paper, we introduce a nonlinear duopoly game whose players are heterogeneous and their inverse demand functions are derived from a more general isoelastic demand. The game is modeled by a discrete time dynamic system whose Nash equilibrium point is unique. The conditions of local stability of Nash point are calculated. It becomes unstable via two types of bifurcations: flip and Neimark–Sacker. Some local and global numerical investigations are performed to show the dynamic behavior of game’s system. We show that the system is noninvertible and belongs to $Z_{2}-Z_{0}$ Z 2 − Z 0 type. We also show some multistability aspects of the system including basins of attraction and regions known as lobes.

Dynamic Analysis of Mechanical Systems With Time-Varying Topologies: Part 1 — Dynamic Model and Stability Analysis

1990 ◽  
Author(s):  
Yu Wang
Keyword(s):  
Stability Analysis ◽  
Dynamic Model ◽  
Local Stability ◽  
Global Analysis ◽  
Equations Of Motion ◽  
Mechanical Systems ◽  
Time Varying ◽  
Discrete Equations ◽  
Local Stability Analysis ◽  
Multiple Collisions

Abstract A model is developed for analyzing mechanical systems with a pair of bodies with topological changes in their kinematic constraints. It is built upon the concept of Poincaré map rather than following the traditional methods of differential equations. The model provides a set of well-defined and naturally-discrete equations of motion and is capable of giving physical insights of dynamic characteristics of deadbeat convergence of multiple collisions and periodic or chaotic responses. The development of dynamic model and a local stability analysis are presented in Part 1, and the global analysis and numerical simulation are discussed in Part 2.

scholarly journals A Dynamic Duopoly Model: When a Firm Shares the Market with Certain Profit

Mathematics ◽  
2020 ◽  
Vol 8 (10) ◽  
pp. 1826
Author(s):  
Sameh S. Askar
Keyword(s):  
Equilibrium Point ◽  
Market Share ◽  
Period Doubling ◽  
Analytical Investigation ◽  
Basins Of Attraction ◽  
Stability Conditions ◽  
Cournot Duopoly ◽  
Demand Functions ◽  
Duopoly Model ◽  
Dynamic Duopoly

The current paper analyzes a competition of the Cournot duopoly game whose players (firms) are heterogeneous in a market with isoelastic demand functions and linear costs. The first firm adopts a rationally-based gradient mechanism while the second one chooses to share the market with certain profit in order to update its production. It trades off between profit and market share maximization. The equilibrium point of the proposed game is calculated and its stability conditions are investigated. Our studies show that the equilibrium point becomes unstable through period doubling and Neimark–Sacker bifurcation. Furthermore, the map describing the proposed game is nonlinear and noninvertible which lead to several stable attractors. As in literature, we have provided an analytical investigation of the map’s basins of attraction that includes lobes regions.

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.

scholarly journals Isolated Response Curves in a Base-Excited, Two-Degree-of-Freedom, Nonlinear System

2015 ◽  
Author(s):  
J. P. Noël ◽  
T. Detroux ◽  
L. Masset ◽  
G. Kerschen ◽  
L. N. Virgin
Keyword(s):  
Nonlinear System ◽  
Harmonic Balance ◽  
Global Analysis ◽  
Normal Modes ◽  
Nonlinear Normal Modes ◽  
Basins Of Attraction ◽  
Response Curves ◽  
Restoring Force ◽  
Nonlinear Normal ◽  
Two Degree Of Freedom

In the present paper, isolated response curves in a nonlinear system consisting of two masses sliding on a horizontal guide are examined. Transverse springs are attached to one mass to provide the nonlinear restoring force, and a harmonic motion of the complete system is imposed by prescribing the displacement of their supports. Numerical simulations are carried out to study the conditions of existence of isolated solutions, their bifurcations, their merging with the main response branch and their basins of attraction. This is achieved using tools including nonlinear normal modes, energy balance, harmonic balance-based continuation and bifurcation tracking, and global analysis.

scholarly journals On Dynamic Investigations of Cournot Duopoly Game: When Firms Want to Maximize Their Relative Profits

Symmetry ◽  
2021 ◽  
Vol 13 (12) ◽  
pp. 2235
Author(s):  
Sameh Askar
Keyword(s):  
Numerical Simulation ◽  
Equilibrium Point ◽  
Utility Function ◽  
Global Analysis ◽  
Asymmetric Structure ◽  
Two Dimensional ◽  
Cournot Duopoly ◽  
The Stability ◽  
Nash Point ◽  
Discrete Map

This paper studies a Cournot duopoly game in which firms produce homogeneous goods and adopt a bounded rationality rule for updating productions. The firms are characterized by an isoelastic demand that is derived from a simple quadratic utility function with linear total costs. The two competing firms in this game seek the optimal quantities of their production by maximizing their relative profits. The model describing the game’s evolution is a two-dimensional nonlinear discrete map and has only one equilibrium point, which is a Nash point. The stability of this point is discussed and it is found that it loses its stability by two different ways, through flip and Neimark–Sacker bifurcations. Because of the asymmetric structure of the map due to different parameters, we show by means of global analysis and numerical simulation that the nonlinear, noninvertible map describing the game’s evolution can give rise to many important coexisting stable attractors (multistability). Analytically, some investigations are performed and prove the existence of areas known in literature with lobes.

GLOBAL ANALYSIS AND FOCAL POINTS IN A MODEL WITH BOUNDEDLY RATIONAL CONSUMERS

2009 ◽  
Vol 19 (06) ◽  
pp. 2059-2071 ◽  
Author(s):  
AHMAD K. NAIMZADA ◽  
FABIO TRAMONTANA
Keyword(s):  
Utility Maximization ◽  
Global Analysis ◽  
Discrete Dynamical System ◽  
Basins Of Attraction ◽  
Maximization Problem ◽  
Budget Constraints ◽  
Global Bifurcations ◽  
Adaptive Process ◽  
Rational Choices ◽  
Utility Maximization Problem

In this paper we present a contribution toward a dynamic theory of the consumer. Canonical economic theory assumes a perfectly rational agent that acts according to optimization principles of a utility function subject to budget constraints. Here we propose a two-dimensional discrete dynamical system that describes the choice problem of a consumer under the assumption of bounded rationality. The map representing this adaptive process is characterized by the presence of a denominator that can vanish. We use recent results on the global bifurcations of this kind of maps in order to explain the coexistence of different attractors and the structure of the corresponding basins of attraction. The stationary equilibria of the map represent the rational choices of the consumer in the static setting, i.e. solutions of the utility maximization problem under budget constraints. We use geometric and numerical methods to study the problem of coexistence of different attractors and the related problem of the basins of attraction and their global bifurcations.

scholarly journals Investigations of Nonlinear Triopoly Models with Different Mechanisms

Complexity ◽  
2019 ◽  
Vol 2019 ◽  
pp. 1-15 ◽  
Author(s):  
S. S. Askar ◽  
A. Al-khedhairi
Keyword(s):  
Dynamical System ◽  
Global Analysis ◽  
Discrete Dynamical System ◽  
The Other ◽  
3 Dimensional ◽  
Heterogeneous Players ◽  
State Point ◽  
The Stability ◽  
The Impact ◽  
Nash Point

This paper studies the dynamic characteristics of triopoly models that are constructed based on a 3-dimensional Cobb–Douglas utility function. The paper presents two parts. The first part introduces a competition among three rational firms on which their prices are isoelastic functions. The competition is described by a 3-dimensional discrete dynamical system. We examine the impact of rationality on the system’s steady state point. Studying the stability/instability of this point, which is Nash equilibrium and is unique in those models, is illustrated. Numerically, we give some global analysis of Nash point and its stability. The second part deals with heterogeneous scenarios. It consists of two different models. In the first model, we assume that one competitor adopts the local monopolistic approximation mechanism (LMA) while the other opponents are rational. The second model assumes two heterogeneous players with LMA mechanism against one rational firm. Studies show that the stability of NE point of those models is not guaranteed. Furthermore, simulation shows that when firms behave rational with symmetric costs, the stability of NE point is achievable.

scholarly journals Stability, Multistability, and Complexity Analysis in a Dynamic Duopoly Game with Exponential Demand Function

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-16
Author(s):  
Hui Li ◽  
Wei Zhou ◽  
Tong Chu
Keyword(s):  
Complexity Analysis ◽  
Equilibrium Points ◽  
Basin Of Attraction ◽  
Global Bifurcation ◽  
Period Doubling ◽  
Basins Of Attraction ◽  
Time Dynamic ◽  
Critical Curves ◽  
Dynamic Duopoly ◽  
Stable Structures

In this paper, a discrete-time dynamic duopoly model, with nonlinear demand and cost functions, is established. The properties of existence and local stability of equilibrium points have been verified and analyzed. The stability conditions are also given with the help of the Jury criterion. With changing of the values of parameters, the system shows some new and interesting phenomena in terms to stability and multistability, such as V-shaped stable structures (also called Isoperiodic Stable Structures) and different shape basins of attraction of coexisting attractors. The eye-shaped structures appear where the period-doubling and period-halving bifurcations occur. Finally, by utilizing critical curves, the changes in the topological structure of basin of attraction and the reason of “holes” formation are analyzed. As a result, the generation of global bifurcation, such as contact bifurcation or final bifurcation, is usually accompanied by the contact of critical curves and boundary.

On Global Aspects of Real Newton’s Method in Synthesis of Linkages

2006 ◽  
Author(s):  
Jin Xie ◽  
Kaiyin Yan ◽  
Yong Chen
Keyword(s):  
Dynamical System ◽  
Newton’S Method ◽  
Newton's Method ◽  
Global Analysis ◽  
Basins Of Attraction ◽  
Random Motion ◽  
Iterative Root ◽  
Degree Polynomial ◽  
Root Finding ◽  
Deterministic Dynamical System

Nonlinear equations arise from the synthesis of linkages. Newton’s method is one of the most accessible and easiest to implement of the iterative root-finding algorithms for these equations. As a discrete deterministic dynamical system, Newton’s method contains subsystems which have highly random motion. In a so-called chaotic zone, there is a rapid interchange between the basins of attraction for each root of the equation. Choosing initial points from such chaotic zone, one can obtain a certain number of roots or possible all of them under the Newton’s method. In this paper, how to locate the chaotic zones is addressed following the global analysis of real Newton’s method. It is show that there exist four chaotic zones for a general 4th degree polynomial. As an example, the equation derived from exact synthesis for five positions is solved.

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