Effect of information asymmetry in Cournot duopoly game with bounded rationality
Computer Science and Game Theory
2019-07-09 v2
Abstract
We investigate the effect of information asymmetry on a dynamic Cournot duopoly game with bounded rationality. Concretely, we study how one player's possession of information about the other player's behavior in a duopoly affects the stability of the Cournot-Nash equilibrium. We theoretically and numerically show that the information stabilizes the Cournot-Nash equilibrium and suppresses chaotic behavior in the duopoly.
Keywords
Cite
@article{arxiv.1809.10865,
title = {Effect of information asymmetry in Cournot duopoly game with bounded rationality},
author = {Masahiko Ueda},
journal= {arXiv preprint arXiv:1809.10865},
year = {2019}
}
Comments
16 pages, 8 figures