Conditions for stable equilibrium in Cournot duopoly models with tax evasion and time delay

Autor:	Villafuerte-Segura, Raul, Alvarado-Santos, Eduardo, Itza-Ortiz, Benjamin A.
Rok vydání:	2019
Předmět:	Mathematics - Optimization and Control Economics - Theoretical Economics Mathematics - Dynamical Systems 34D20 91B55 34C60
Zdroj:	Chaos 30, 013142 (2020)
Druh dokumentu:	Working Paper
DOI:	10.1063/1.5131266
Popis:	We provide conditions for stable equilibrium in Cournot duopoly models with tax evasion and time delay. We prove that our conditions actually imply asymptotically stable equilibrium and delay independence. Conditions include the same marginal cost and equal probability for evading taxes. We give examples of cost and inverse demand functions satisfying the proposed conditions. Some economic interpretations of our results are also included. Comment: Major revision performed, includes title change and correction of some proofs. 14 pages, 1 figure
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/1905.02817 Zobrazit plný text záznamu View this record from Arxiv