Convergence of output dynamics in duopoly co-opetition model with incomplete information

Ren, Jing; Sun, Hao; Xu, Genjiu; Hou, Dongshuang

doi:10.1016/j.matcom.2022.12.026

Cited by 2 publications

(2 citation statements)

References 21 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Consumer preferences and utility function [43,44] Consumer behavior model [45,46] 7. Producer behavior models Firm model [47,48] Duopoly model [49,50] 8. Models of interaction between consumers and producers Equilibrium price model [51,52] Walrasian model [53,54] 6.1.…”

Section: Consumer Behavior Modelsmentioning

confidence: 99%

See 1 more Smart Citation

A Review of Mathematical Models of Macroeconomics, Microeconomics, and Government Regulation of the Economy

et al. 2023

View full text Add to dashboard Cite

This review analyzes articles on the mathematical modeling of economic facts and processes. Mathematical modeling of the economy has rapidly developed in the past and current centuries. This is explained by the fact that, firstly, economics does not tolerate full-scale experiments, secondly, mathematical modeling significantly improves the accuracy of research results, and, finally, thirdly, economics becomes a science only when it is based on mathematics. The article presents an overview of the main methods of economic modeling used in scientific research over the past twenty years. The review does not claim to cover all areas, methods, and models used in scientific research in the field of economics. This cannot be done in one article. Mathematical modeling of only three sections of economic theory is considered: macroeconomics, microeconomics, and state regulation of the economy. The review of research methods and models in the microeconomics section, which are available in the scientific research toolkit but have already been described in the macroeconomics section, has been omitted. Only effective, practice-tested models are used in the Review. We hope that this review will be useful to scientists involved in the indirect study of economic phenomena and processes.

show abstract

Section: Consumer Behavior Modelsmentioning

confidence: 99%

“…Duopoly model. In the most general case of the duopoly model [49,50], two competitors produce one type of product in accordance with their production function…”

Section: Consumer Behavior Modelsmentioning

confidence: 99%