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Delay dynamics in nonlinear monopoly with gradient adjustment |
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| Authors: | Matsumoto Akio Szidarovszky Ferenc |
| Institution: | 1.Department of Economics, Chuo University, 742-1, Higashi-Nakano, Hachioji, Tokyo, 192-0393, Japan ;2.Department of Mathematics, Corvinus University, F?vám tér 8, Budapest, 1093, Hungary ; |
| Abstract: | Decisions in Economics and Finance - Two types of boundedly rational monopolists are considered, when they are unable to determine the profit maximizing output levels. In the first case, the... |
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