Accepted author manuscript, 242 KB, PDF document
Available under license: CC BY: Creative Commons Attribution 4.0 International License
Final published version
Licence: CC BY: Creative Commons Attribution 4.0 International License
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Topological chaos in oligopoly competition
AU - Li, Xiaoliang
AU - Zhang, Ally Quan
PY - 2025/4/21
Y1 - 2025/4/21
N2 - This letter demonstrates that oligopoly competition can exhibit topological chaos by applying Mitra's sufficient condition. To overcome the computational challenges arising from the lack of a simple closed-form expression for the modal point, we develop a resultant-based method. Our results show that, for a sufficiently large number of firms, there must exist parameter values that guarantee topological chaos.
AB - This letter demonstrates that oligopoly competition can exhibit topological chaos by applying Mitra's sufficient condition. To overcome the computational challenges arising from the lack of a simple closed-form expression for the modal point, we develop a resultant-based method. Our results show that, for a sufficiently large number of firms, there must exist parameter values that guarantee topological chaos.
U2 - 10.1016/j.econlet.2025.112330
DO - 10.1016/j.econlet.2025.112330
M3 - Journal article
VL - 252
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
M1 - 112330
ER -