A Bertrand Duopoly Game with Long-Memory Effects

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93 91C85 98 77 97 69 91C60 84 47 71 46 58C44 46 48 35 62 22C75 10 116 -12 162 -12C234 -12 424 62 424 224C424 297 373 359 285 376V378Z"></path></g><g transform="matrix(.013,0,0,-0.013,124.696,0)"><path d="M275 270C275 450 212 609 64 710L45 686C145 604 203 442 203 270S147 -63 45 -147L64 -170C213 -68 275 89 275 270Z"></path></g></svg>.</span> (a) Price time series of firm 1. (b) Price time series of firm 2. (c) Firm 1’s pricing translation components (<i>p</i>, <i>s</i>). (d) Firm 2’s pricing translation components (<i>p</i>, <i>s</i>). (e) Phase portrait of duopoly pricing.</div>

Complexity

A Bertrand Duopoly Game with Long-Memory Effects

Figure 3