A note on the equilibria of an economic model with local competition ''à la Cournot''

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RECERCAT Home > Universitat Autònoma de Barcelona > Articles escrits per personal UAB o publicats per la universitat > View document

dc.contributor.author	Guirao, Juan Luis Garcia
dc.contributor.author	López, Miguel Angel
dc.contributor.author	Llibre, Jaume
dc.contributor.author	Martínez, Raquel
dc.date	2012
dc.identifier	https://ddd.uab.cat/record/150562
dc.identifier	urn:10.1016/j.cam.2010.11.030
dc.identifier	urn:oai:ddd.uab.cat:150562
dc.identifier	urn:gsduab:2759
dc.identifier	urn:scopus_id:84865619057
dc.identifier	urn:wos_id:000303177700016
dc.identifier	urn:articleid:03770427v236p3052
dc.format	application/pdf
dc.language	eng
dc.publisher
dc.relation	Ministerio de Ciencia e Innovación MTM2008-03679
dc.relation	Ministerio de Ciencia y Tecnología MTM2008-03437
dc.relation	Agència de Gestió d'Ajuts Universitaris i de Recerca 2005/SGR-550
dc.relation	Journal of computational and applied mathematics ; Vol. 236 (2012), p. 3052-3057
dc.rights	open access
dc.rights	Tots els drets reservats.
dc.rights	https://rightsstatements.org/vocab/InC/1.0/
dc.subject	Cournot duopoly
dc.subject	Cournot-like model
dc.subject	Discrete dynamical systems and economics
dc.subject	Equilibrium point
dc.title	A note on the equilibria of an economic model with local competition ''à la Cournot''
dc.type	Article
dc.description.abstract	Agraïments: This work was supported in part by Fundación Séneca de la Región de Murcia, grant number 08667/PI/08 and JCCM (Junta de Comunidades de Castilla-La Mancha), grant number PEII09-0220-0222.
dc.description.abstract	Guirao and Rubio (2010) [12] introduce an economic model, which generalizes the classical duopoly of Cournot type, where the competitors are located around a circle or a line and each firm competes ''à la Cournot'' with its right and left neighboring. For the case of having three and four players, we describe completely the bifurcations of equilibria in terms of the production costs of each firm and we study the stability of them. Moreover, for the case of four players we provide some information on the two-periodic orbits of the system.

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