Abstract
The dynamical system of four heterogeneous firms is derived. Existence and stability conditions of the fixed points are investigated and also complex dynamics is studied. Numerical simulations are used to illustrate the complex behaviors of the proposed dynamic game. The chaotic behavior of the game has been controlled by using feedback control method.
| Original language | English |
|---|---|
| Pages (from-to) | 11110-11118 |
| Number of pages | 9 |
| Journal | Applied Mathematics and Computation |
| Volume | 219 |
| Issue number | 24 |
| DOIs | |
| State | Published - 2013 |
| Externally published | Yes |
Keywords
- Chaos
- Feedback control method
- Heterogeneous firms
- Nash equilibrium
- Quadropoly
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