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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| Formato: | Artículo |
| Lenguaje: | eng |
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Universidad Autónoma de Nuevo León
2015
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| Acceso en línea: | https://ensayos.uanl.mx/index.php/ensayos/article/view/19 |