Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4641070 | Journal of Computational and Applied Mathematics | 2009 | 5 Pages |
Abstract
We introduced the so-called Cournot-like models, i.e. n-dimensional discrete dynamical systems which constitute the mathematical environment for modeling some economic and biological processes. The main aim of this work is to present a characterization of the dynamical simplicity for these types of systems through the property “to have zero topological entropy”. Cournot-like systems generalize the well-known economic situation of competition in a duopolistic market introduces by Cournot in 1838.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Juan Luis GarcÃa Guirao, Raquel GarcÃa Rubio,