Effects of Size, Composition, and Evolutionary Pressure in Heterogeneous Cournot Oligopolies with Best Response Decisional Mechanisms

Figure 10

Bifurcation diagrams, related to the stabilizing scenario for , of quantities and , of fraction and of the net profit differential . The initial composition corresponding to is unstable but, since the marginal costs are sufficiently favorable to the rational firms, increasing the propensity to switch stabilizes the dynamics.