Bounded Rationality in a Cournot Duopoly Game: Racionalidad limitada en un juego de duopolio de Cournot

This paper analyzes choices and welfare in a Cournot duopoly setting with linear demand using four models of bounded rationality. The models studied in this paper are Level-k, Cognitive Hierarchy, Asymmetric Quantal Response and Noisy Introspection. It is found that in the Level-k model choices, pro...

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Detalles Bibliográficos
Autor principal: Runco, Mariano
Formato: Artículo
Lenguaje:eng
Publicado: Universidad Autónoma de Nuevo León 2015
Materias:
C72
D21
Acceso en línea:https://ensayos.uanl.mx/index.php/ensayos/article/view/19