Market Share Delegation in a Bertrand Duopoly: Synchronisation and Multistability

Figure 2

Parameter values: , , , and . (a) has a simple structure (). (b) has a complex structure (). (c) Set after the contact bifurcation (): gray holes are depicted. (d) Immediately before the final bifurcation () almost all trajectories are unfeasible.

(a)

(b)

(c)

(d)