کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
884804 | 912417 | 2006 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Statistical dynamics in a chaotic Cournot model with complementary goods
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Statistical dynamics in a chaotic Cournot model with complementary goods Statistical dynamics in a chaotic Cournot model with complementary goods](/preview/png/884804.png)
چکیده انگلیسی
This study sheds light on statistical properties of chaotic economic dynamics. To this end, it builds a simple Cournot dynamic model with two firms in which reactions functions are non-linear and goods are complements. When non-linearities get strong enough, the output adjustment process generates complex dynamics involving chaos. It is analytically as well as numerically demonstrated that for both firms, a long-run average profit taken along a chaotic trajectory can be higher than a profit taken at a stationary point. This result implies that chaotic dynamics can be beneficial from the long-run point of view.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 61, Issue 4, December 2006, Pages 769–783
Journal: Journal of Economic Behavior & Organization - Volume 61, Issue 4, December 2006, Pages 769–783
نویسندگان
Akio Matsumoto, Yasuo Nonaka,