Stability of a Continuous Reaction-Diffusion Cournot-Kopel Duopoly Game Model
In order to take into account the territory in which the outputs are in the market and the time-depending firms strategies, the discrete Cournot duopoly game (with adaptive expectations, modeled by Kopel) is generalized through a non autonomous reaction-diffusion binary system of PDEs, with self and cross diffusion terms. Linear and nonlinear asymptotic L 2-stability, via the Liapunov Direct Methot and a nonautonomous energy functional, are investigated.
continuous cournot-kopel model nonlinear duopoly game nonlinear stability nonautonomous binary dynamical systems of p.d.es self-diffusion cross-diffusion liapunov direct method