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  • This paper examines the influence of time delays on establishing equilibrium in a Cournot oligopoly model by using the tools of system dynamics, specifically by using a simulation done in Vensim PLE software. The first section briefly introduces system dynamics and the tools that are used in the field; the second section applies these tools to the Cournot oligopoly problem. First, a simulation of a standard behavior without time delays is done. Afterwards, time delays are introduced into the model and their influence on establishing equilibrium is analyzed.
  • This paper examines the influence of time delays on establishing equilibrium in a Cournot oligopoly model by using the tools of system dynamics, specifically by using a simulation done in Vensim PLE software. The first section briefly introduces system dynamics and the tools that are used in the field; the second section applies these tools to the Cournot oligopoly problem. First, a simulation of a standard behavior without time delays is done. Afterwards, time delays are introduced into the model and their influence on establishing equilibrium is analyzed. (en)
Title
  • SYSTEM DYNAMICS MODEL OF A COURNOT OLIGOPOLY WITH TIME DELAYS
  • SYSTEM DYNAMICS MODEL OF A COURNOT OLIGOPOLY WITH TIME DELAYS (en)
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  • SYSTEM DYNAMICS MODEL OF A COURNOT OLIGOPOLY WITH TIME DELAYS
  • SYSTEM DYNAMICS MODEL OF A COURNOT OLIGOPOLY WITH TIME DELAYS (en)
skos:notation
  • RIV/49777513:23510/14:43921501!RIV15-MSM-23510___
http://linked.open...avai/riv/aktivita
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http://linked.open...iv/duvernostUdaju
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http://linked.open...dnocenehoVysledku
  • 49097
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  • RIV/49777513:23510/14:43921501
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  • time delays; modeling; system dynamics; Cournot; Oligopoly (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [C9F4061D2DF9]
http://linked.open...v/mistoKonaniAkce
  • Hradec Králové
http://linked.open...i/riv/mistoVydani
  • Hradec Králové
http://linked.open...i/riv/nazevZdroje
  • Hradec Economic Days 2014: Peer-Reviewed Conference Proceedings Part V.
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http://linked.open...cetTvurcuVysledku
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http://linked.open...iv/tvurceVysledku
  • Špicar, Radim
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http://linked.open.../riv/zahajeniAkce
number of pages
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  • Gaudeamus
https://schema.org/isbn
  • 978-80-7435-370-3
http://localhost/t...ganizacniJednotka
  • 23510
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