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

<div>Bifurcation diagrams of quantities <svg height="9.32511pt" id="M188" style="vertical-align:-3.32506pt" version="1.1" viewbox="-0.0498162 -6.00005 11.4922 9.32511" width="11.4922pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M481 430L460 436C440 442 393 451 366 451C348 451 325 448 313 446C267 437 195 409 147 367C79 308 24 211 24 105C24 37 56 -12 93 -12C121 -12 156 1 199 32C246 66 313 122 349 168H351L286 -147C274 -205 261 -215 210 -224L199 -226L193 -255L438 -243L442 -214L417 -212C364 -208 359 -200 370 -140L433 204C455 324 469 389 481 430ZM391 385C382 336 366 260 358 238C321 178 209 59 143 59C129 59 115 83 115 131C115 207 152 317 220 373C243 392 282 403 314 403C348 403 374 395 391 385Z" id="g50-114"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="499" vert-adv-y="499"></glyph.data></g><g transform="matrix(.0091,0,0,-0.0091,6.422,3.001)"><path d="M389 0V32C297 37 291 46 291 118V635C234 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ascent="3443" descent="-2856" horiz-adv-x="499" vert-adv-y="499"></glyph.data></g><g transform="matrix(.0091,0,0,-0.0091,6.422,3.001)"><path d="M414 144C384 79 371 75 317 75H135L276 221C367 317 408 376 408 465C408 569 328 635 237 635C178 635 131 610 100 575L42 494L67 471C94 511 138 565 205 565C277 565 321 518 321 435C321 348 259 269 195 195C146 136 89 82 33 26V0H411C423 44 433 88 446 135L414 144Z" id="g58-48"></path><glyph.data ascent="1007" descent="-369" horiz-adv-x="487" vert-adv-y="487"></glyph.data></g></svg> with respect to the oligopoly size <svg height="8.80314pt" id="M190" style="vertical-align:-0.2063999pt" version="1.1" viewbox="-0.0498162 -8.59674 11.2172 8.80314" width="11.2172pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M870 650H622L613 619C694 615 708 606 708 559C708 531 702 477 686 396L636 136H633L281 650H127L120 619C180 616 198 611 212 592C227 572 232 558 220 503L166 254C148 169 139 131 126 89C112 43 85 35 33 32L24 0H280L286 32C208 37 189 44 189 93C189 124 198 179 212 250L267 526H271L622 -8H655L732 396C747 477 762 532 770 556C785 600 798 616 862 619L870 650Z" id="g50-79"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="888" vert-adv-y="888"></glyph.data></g></svg>, for <svg height="11.0084pt" id="M191" style="vertical-align:-1.72007pt" version="1.1" viewbox="-0.0498162 -9.28833 81.9106 11.0084" width="81.9106pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M490 97L476 124C442 96 405 70 398 70C392 70 390 78 396 114C419 243 448 379 463 432L457 436C446 436 431 439 418 442C393 447 368 451 343 451C281 451 204 418 155 381C74 320 24 206 24 107C24 23 59 -12 88 -12C118 -12 155 5 191 34C236 70 290 122 328 177H330L312 84C296 0 311 -12 331 -12C355 -12 425 24 490 97ZM374 387C371 367 360 299 347 264C323 202 187 53 142 53C128 53 113 73 113 120C113 224 157 332 221 380C241 395 274 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vert-adv-y="478"></glyph.data></g><g transform="matrix(.013,0,0,-0.013,54.278,0)"><path d="M556 331V384H55V331H556ZM556 140V193H55V140H556Z" id="g54-34"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="611" vert-adv-y="611"></glyph.data></g><g transform="matrix(.013,0,0,-0.013,65.896,0)"><path d="M245 635C92 635 37 457 37 312C37 148 92 -12 244 -12C395 -12 449 165 449 312C449 469 394 635 245 635ZM243 598C332 598 358 454 358 312C358 172 334 26 245 26C158 26 128 174 128 313S151 598 243 598Z" id="g58-46"></path><glyph.data ascent="1007" descent="-369" horiz-adv-x="487" vert-adv-y="487"></glyph.data></g><g transform="matrix(.013,0,0,-0.013,72.227,0)"><path d="M117 -12C153 -12 178 12 178 50C178 84 153 110 118 110C84 110 59 84 59 50C59 12 84 -12 117 -12Z" id="g50-47"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="237" vert-adv-y="237"></glyph.data></g><g transform="matrix(.013,0,0,-0.013,75.308,0)"><path d="M389 0V32C297 37 291 46 291 118V635C234 612 176 595 109 583V556L161 554C203 551 207 548 207 497V118C207 46 201 37 110 32V0H389Z" id="g58-47"></path><glyph.data ascent="1007" descent="-369" horiz-adv-x="487" vert-adv-y="487"></glyph.data></g></svg> and keeping fixed the oligopoly composition <svg height="11.4781pt" id="M192" style="vertical-align:-2.18977pt" version="1.1" viewbox="-0.0498162 -9.28833 42.1861 11.4781" width="42.1861pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M624 292C624 400 569 451 537 451C520 451 497 442 490 436L489 427C521 404 550 351 550 280C550 170 513 51 423 51C383 51 361 87 361 150C361 197 384 301 397 339L391 343L310 328C307 297 301 249 293 212C270 102 223 56 182 56C144 56 114 93 114 172C114 278 161 369 243 430L223 457C99 392 24 290 24 156C24 43 81 -12 141 -12C187 -12 247 32 286 88C295 31 325 -12 380 -12C431 -12 475 16 511 49C581 113 624 195 624 292Z" id="g50-246"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="648" 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Increasing the oligopoly size has a destabilizing effect.</div>

Discrete Dynamics in Nature and Society

fig3

Figure 3

Figure 3: Effects of Size, Composition, and Evolutionary Pressure in Heterogeneous Cournot Oligopolies with Best Response Decisional Mechanisms 