Duopoly Output Game with Bounded Rationality and Limiter Control
Based on the bounded rationality strategy, a duopoly output game model is constructed in this paper. The local stability conditions of Nash equilibrium point of the model are also analyzed by employing the well-known Jury’s criteria. The results show that the model has three boundary fixed points and a local stable Nash equilibrium point. When the combination values of the two firms’ adjustment speed are out of the local stability region, some more complex dynamic phenomena will be caused such as bifurcation and chaos. In order to eliminate chaos and improve the profit level, a limiter control scheme is designed. Numerical simulations further verify that the designed limiter control scheme is feasible and effective to eliminate chaos and improve profit level.
Key words: Duopoly game; Bounded rationality; Limiter control; Chaos
- There are currently no refbacks.
How to do online submission to another Journal?
If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:
1. Register yourself in Journal B as an Author
Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.
Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:
firstname.lastname@example.org; email@example.com; firstname.lastname@example.org
Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures
Address: 9375 Rue de Roissy Brossard, Québec, J4X 3A1, Canada
Telephone: 1-514-558 6138