On Complex Dynamics of Differentiated Products: Cournot Duopoly Model under Average Profit Maximization

Figure 2

(a) 1D bifurcation diagram of map with respect to μ1. Iterations of at (b) μ = 2.99 and (c) μ = 3.75. (d) 1D bifurcation diagram for the map (14) at a = 1, b = 0.35, c = 0.4, and r = 0.7.

(a)

(b)

(c)

(d)