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Keywords: Discrete dynamical system
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Journal Articles
Journal:
Kybernetes
Kybernetes (2018) 47 (8): 1494–1523.
Published: 13 March 2018
... chain comprising a manufacturer, a traditional retailer and an online retailer. A two-dimensional discrete dynamical system is used to examine the Bertrand competition between the retailers. The retailers are assumed to follow bounded rational expectations. Local stability of Bertrand–Nash equilibrium...
