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Mathematical Problems in Engineering
Volume 2016 (2016), Article ID 2353909, 11 pages
Research Article

Research on a Dynamic Master-Slave Cournot Triopoly Game Model with Bounded Rational Rule and Its Control

School of Management, China University of Mining and Technology, Xuzhou 221116, China

Received 3 December 2015; Accepted 18 February 2016

Academic Editor: Muhammad N. Akram

Copyright © 2016 Hongliang Tu and Xinyu Wang. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


The oligopoly market is modelled by a new dynamic master-slave Cournot triopoly game model with bounded rational rule. The local stabile conditions and the stable region are got by the dynamical systems bifurcation theory. The dynamics characteristics of the system with the changes of the adjustment speed parameters are analyzed by means of bifurcation diagram, largest Lyapunov exponents, phase portrait, and sensitive dependence on initial conditions. Furthermore, the parameters adjustment method is used to control the complex dynamical behaviors of the systems. The derived results have some important theoretical and practical meanings for the oligopoly market.