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On the dynamics of a 4d local Cournot model |
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PP: 857-865 |
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Author(s) |
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Juan Luis Garc?a Guirao,
Marek Lampart,
Guo Hua Zhang,
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Abstract |
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| The aim of this paper is to analyze the dynamics of a four dimensional system described in [Appl. Math. Let., 23, 836-838,
(2010)], which generalizes the classical Cournot competition in a local way. In particular, by considering an aggregation parameter of
production costs, we are able to describe for some ranges of the parameter: the periodic structure, the asymptotic dynamics and the
chaotic properties of the system via the study of its topological entropy and the Li and Yorke chaos. |
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