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

Figure 15

Average profits of firm 1 (a) and firm 2 (b) for 𝑛=10000 and step size for parameters 𝛼 and 𝛽 eqal to 0.01. The initial conditions are 𝑥₀ the maximum of 𝑓_𝛼∘𝑔_𝛽 and 𝑦₀ the maximum of 𝑔_𝛽∘𝑓_𝛼 (type max-max).

(a)

(b)