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In this paper, we propose Cournot duopoly games where quantity-setting firms use non-linear demand functions that have no inflection points. Two different kinds of repeated games are introduced based on rationality process of firms and Puu’s incomplete approach. First, a model of two rational firms that are in competition and produce homogenous commodities is introduced. The equilibrium points of...
To study the impacts of information on the dynamical price game, this paper builds two dynamical price game models, where one player searches for information about his rival(s) before he makes his decision. We study how the amount of information acquired by player influences the stable region of adjustment parameters, Nash equilibrium point’s feasible basin of attraction and his profit. The results...
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