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.


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


[4] Elaydi, S. N., An introduction to difference equation (1996), Springer: Springer Berlin · Zbl 0840.39002
[6] Gardini, L.; Abrahem, R.; Record, R.; Fournier-Prunaret, D., A double logistic map, Int. J. Bifurc. Chaos, 4, 1, 145-176 (1994) · Zbl 0870.58020
[10] Devaney, R. L., An introduction to chaotic dynamical systems (1989), Addison-Wesley: Addison-Wesley Reading, MA · Zbl 0695.58002
[11] Hommes, C. H., Dynamics of the cobweb model with adaptive expectation and nonlinear supply and demand, J. Econom. Behavior Organization, 24, 315-335 (1994)
[12] Gulick, D., Encounters with chaos (1992), McGraw-Hill: McGraw-Hill New York
[13] Aicardi, F.; Invernizzi, S., Memory effects in discrete dynamical systems, Int. J. Bifurc. Chaos, 2, 4, 815-830 (1992) · Zbl 0870.58016
[15] Gibbons, R., A primer in game theory (1992), Simon & Schuster: Simon & Schuster New York · Zbl 0759.90106
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. It attempts to reflect the references listed in the original paper as accurately as possible without claiming the completeness or perfect precision of the matching.