Analysis of a Four-Firm Competition Based on a Generalized Bounded Rationality and Different Mechanisms
In this paper, the Caputo derivative with fractional orders is suggested to model a competition among four competing firms. The proposed economic model that describes this competition is constructed based on a generalization of the traditional bounded rationality. In this generalization, we study th...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2019-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2019/6352796 |
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