Abstract:
Based on the specific demand function, a duopoly Bertrand model is established.The enterprise competition phenomenon in producing homogeneous products under the monopoly market is analyzed. The competition model is transformed from static medel to dynamic model by bounded rationality and incomplete information method. Under such condition, the price equilibrium solution of the dynamic model and the steady state of equilibrium points are obtained. The regression of monopoly market from chaos to stable is achieved by different chaos control methods.
