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Lerning Monoplies with Delayed Feedbake on Price xpectations
https://chuo-u.repo.nii.ac.jp/records/6200
https://chuo-u.repo.nii.ac.jp/records/62009844c9ec-95b0-43d7-96b9-c3026739a11a
名前 / ファイル | ライセンス | アクション |
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Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||||
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公開日 | 2014-08-27 | |||||||||
タイトル | ||||||||||
タイトル | Lerning Monoplies with Delayed Feedbake on Price xpectations | |||||||||
言語 | en | |||||||||
言語 | ||||||||||
言語 | eng | |||||||||
キーワード | ||||||||||
言語 | en | |||||||||
主題Scheme | Other | |||||||||
主題 | Bounded rationality | |||||||||
キーワード | ||||||||||
言語 | en | |||||||||
主題Scheme | Other | |||||||||
主題 | Monopoly dyanamics | |||||||||
キーワード | ||||||||||
言語 | en | |||||||||
主題Scheme | Other | |||||||||
主題 | Fixed time delay | |||||||||
キーワード | ||||||||||
言語 | en | |||||||||
主題Scheme | Other | |||||||||
主題 | Adaptive learning | |||||||||
キーワード | ||||||||||
言語 | en | |||||||||
主題Scheme | Other | |||||||||
主題 | Hopfbifurcation | |||||||||
資源タイプ | ||||||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||||||
資源タイプ | departmental bulletin paper | |||||||||
著者 |
MATSUMOTO, Akio
× MATSUMOTO, Akio
× SZIDAROVSKY, Ferenc
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著者別名 | ||||||||||
識別子Scheme | WEKO | |||||||||
識別子 | 27290 | |||||||||
姓名 | 松本, 昭夫 | |||||||||
抄録 | ||||||||||
内容記述タイプ | Abstract | |||||||||
内容記述 | We call the intercept of the price function with the vertical axis the maximum price and the slope of theprice function the marginal price. In this paper it is assumed that a monopolistic firm has full information about the marginal price and its own cost function but is uncertain on the maximum price. However, by repeated interaction with the market, the obtained price observations give a basis for an adaptive learning process of the maximum price. It is also assumed that the price observations have fixed delays, so the learning process can be described by a delayed differential equation. In th cases of one or two delays, the asymptotic behavior of the resulting dynamic process is examined, stability conditions are derived. Three main results are demonstrated in the two delay learning process. First, it is possible to stabilize the equilibrium which is unstable in the one delay model. Second, complex dynamics involving chaos, which is impossible in the one delay model, can emerge. Third, alternations of stability and instability (i.e., stability switches) occure repeatedly. | |||||||||
書誌情報 |
経済研究所 Discussion Paper en : IERCU Discussion Paper 巻 223, 発行日 2014-05-01 |
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出版者 | ||||||||||
出版者 | 中央大学経済研究所 | |||||||||
権利 | ||||||||||
権利情報 | この資料の著作権は、資料の著作者または学校法人中央大学に帰属します。著作権法が定める私的利用・引用を超える使用を希望される場合には、掲載誌発行部局へお問い合わせください。 | |||||||||
フォーマット | ||||||||||
内容記述タイプ | Other | |||||||||
内容記述 | application/pdf | |||||||||
著者版フラグ | ||||||||||
出版タイプ | VoR | |||||||||
出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 |