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

Agiza, H. N.; Hegazi, A. S.; Elsadany, A. A.

Chaos Solitons Fractals 12, No. 9, 1705-1717 (2001).

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.

Reviewer: Prabhat Kumar Mahanti (Saint John)

MSC:

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

Keywords:

dynamical system; nonlinear; Nash equlibrium

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