Non linearity The logistic equation

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Presentation transcript:

Non linearity The logistic equation X(t) = k X(t-1) [1-X(t-1)] LINEAR GROWTH FEEDBACK Critical values of K (approximate) K<1 0 ≤ K≤ 2.8 2.8 ≤ K ≤ 4 K > 4

David Beim 2011

Game Theory Interdependence between strategies Firms pricing strategy Implementation Equilibria Nash equilibrium Evolutionary stability Co-operative (Coalitional) Games Enforceable agreements Non co-operative games Non enforceable agreements

Positive sum games (positive) synergy/ complementarity/ superadditivity Gains from co-operative behaviour