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Complex Dynamics in a Bertrand Duopoly Game with Heterogeneous Players [PDF]

open access: yes
A heterogeneous Bertrand duopoly game with bounded rational and adaptive players manufacturing differentiated products is subject of investigation. The main goal is to demonstrate that participation of one bounded rational player in the game suffices to ...
Tomasz Dubiel-Teleszyński
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Nearly-complete Decomposability and Stochastic Stability with an Application to Cournot Oligopoly [PDF]

open access: yes
This paper presents a general framework for analysing stochastic stability in models with evolution at two levels. Under certain conditions the theory of nearly-complete decomposability can be used to disentangle these two levels.
J. Thijssen
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The effect of experience in Cournot play [PDF]

open access: yes
Strategic play requires that players in oligopolies be more sophisticated than in perfectly competitive markets. It thus seems reasonable to assume that player experience becomes important as the environment gets more complicated.
José Luis Ferreira   +2 more
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