Describing the Dynamics and Complexity of Matsumoto-Nonaka's Duopoly Model

Figure 16

Average profit for firm 1 with different initial conditions. Note that in projections, the darker the color is, the lower the average profit is.

(a) Average profit of firm 1 with min-max initial conditions and 𝛽≥1

(b) Average profit of firm 1 with max-max initial conditions and 𝛽≥1

(c) Projection of the average profit of firm 1 with min-max initial conditions

(d) Projection of the average profit of firm 1 with max-max initial conditions