Dynamic oligopolies and intertemporal demand interaction

Publisher:
Universidad de la Frontera
Publication Type:
Journal Article
Citation:
CUBO Matematica Educational, 2009, 11 (2), pp. 85 - 105
Issue Date:
2009-01
Full metadata record
Dynamic oligopolies are examined with continuous time scales and under the assumption that the demand at each time period is affected by earlier demands and consumptions. After the mathematical model is introduced the local asymptotical stability of the equilibrium is examined, and then we will discuss how information delays alter the stability conditions. We will also investigate the occurrence of a Hopf bifurcation gving the possibility of the birth of limit cycles. Numerical examples will be shown toillustrate the theoretical results.
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