Nonlinear Dynamics in a Cournot Duopoly with Different Attitudes towards Strategic Uncertainty

Figure 4

(a) Portions of the basin of attraction of trajectories that converge to invariant axes for map 𝑀₁ enter 𝑍₂ region. This causes the appearance of several holes in the basin of attraction of the interior attractor. The blue line 𝑝=0 represents points in which the market price equals zero. (b) Enlargement view of the birth of the portion of the basin of the attraction of the attractors on the axes in region 𝑍₂. Parameter set: 𝑎=7.2, 𝑏=0.22, 𝑐=0.4, 𝛾=0.9, and 𝛼=0.427.

(a)

(b)