This chapter considers different modelling approaches to study nonlinear monopolies with a downward and concave demand function based on the model by Naimzada and Ricchiuti (Appl Math Comput 203:921-925, 2008). In particular, the article characterises the dynamics of continuous time models with delays related to several assumptions regarding the bounded rationality of the monopolist. Some results about global dynamics are also obtained through simulations.
Different modelling approaches for time lags in a monopoly
Gori, Luca;Sodini, Mauro
2016-01-01
Abstract
This chapter considers different modelling approaches to study nonlinear monopolies with a downward and concave demand function based on the model by Naimzada and Ricchiuti (Appl Math Comput 203:921-925, 2008). In particular, the article characterises the dynamics of continuous time models with delays related to several assumptions regarding the bounded rationality of the monopolist. Some results about global dynamics are also obtained through simulations.File in questo prodotto:
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