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="M299" 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 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 <svg height="9.32511pt" id="M300" 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="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> and fraction <svg height="6.20645pt" id="M301" style="vertical-align:-0.2063999pt" version="1.1" viewbox="-0.0498162 -6.00005 8.55521 6.20645" width="8.55521pt" 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" vert-adv-y="648"></glyph.data></g></svg> with respect to the evolutionary pressure <svg height="12.6917pt" id="M302" style="vertical-align:-3.40337pt" version="1.1" viewbox="-0.0498162 -9.28833 7.75923 12.6917" width="7.75923pt" 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="M563 583C563 664 501 710 433 710C381 710 334 692 285 648C212 582 178 506 149 350L74 -56C49 -190 36 -222 24 -226L30 -257C52 -256 95 -247 121 -229C131 -222 134 -206 165 -21L219 303C254 510 296 665 397 665C447 665 481 626 481 572C481 512 446 457 390 420C367 405 351 400 323 397L302 349C398 338 466 285 466 197C466 117 419 45 306 45C268 45 224 59 198 74L186 50C197 20 228 -14 274 -14C318 -14 359 3 401 26C478 68 554 144 554 225C554 322 493 367 412 396C490 446 563 500 563 583Z" id="g50-224"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="587" vert-adv-y="587"></glyph.data></g></svg>. Increasing <svg height="12.6917pt" id="M303" style="vertical-align:-3.40337pt" version="1.1" viewbox="-0.0498162 -9.28833 7.75923 12.6917" width="7.75923pt" 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="M563 583C563 664 501 710 433 710C381 710 334 692 285 648C212 582 178 506 149 350L74 -56C49 -190 36 -222 24 -226L30 -257C52 -256 95 -247 121 -229C131 -222 134 -206 165 -21L219 303C254 510 296 665 397 665C447 665 481 626 481 572C481 512 446 457 390 420C367 405 351 400 323 397L302 349C398 338 466 285 466 197C466 117 419 45 306 45C268 45 224 59 198 74L186 50C197 20 228 -14 274 -14C318 -14 359 3 401 26C478 68 554 144 554 225C554 322 493 367 412 396C490 446 563 500 563 583Z" id="g50-224"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="587" vert-adv-y="587"></glyph.data></g></svg> leads to instability.</div>

Discrete Dynamics in Nature and Society

fig6

Figure 6

Figure 6: Effects of Size, Composition, and Evolutionary Pressure in Heterogeneous Cournot Oligopolies with Best Response Decisional Mechanisms 