Purpose – The purpose of this paper is to investigate the chaotic dynamics behaviours and chaos control of differentiated Bertrand model. Design/methodology/approach – The paper analyzes a nonlinear differentiated Bertrand duopoly game by using the theory of bifurcations of dynamical system, where players have heterogeneous expectations and nonlinear cost function: two types of players …
The purpose of this paper is to investigate the chaotic dynamics behaviours and chaos control of differentiated Bertrand model. Design/methodology/approach – The paper analyzes a nonlinear differentiated Bertrand duopoly game by using the theory of bifurcations of dynamical system, where players have heterogeneous expectations and nonlinear cost function: two types of players are consider…