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The dynamics of Bowley’s model with bounded rationality. (English) Zbl 1036.91004

In this paper the authors describe the time evaluation of \(n\)-competitors in a Cournot game. A number of theorems and lemmas are established and computed. Bounded rationality in monoploy is also studied for analysis. It is an interseting paper to read. No numerical examples are stated in the paper.

MSC:

91A25 Dynamic games
37N40 Dynamical systems in optimization and economics
91B26 Auctions, bargaining, bidding and selling, and other market models
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