arXiv · 2103.02719
Delay-dependent and delay-independent stability of Cournot duopoly model with tax evasion and time-delay
Abstract
In this paper a stability analysis for a Cournot duopoly model with tax evasion and time-delay in a continuous-time framework is presented. The mathematical model under consideration follows a gradient dynamics approach, is nonlinear and four-dimensional with state variables given by the production and declared revenue of each competitor. We prove that both the marginal cost rate and time delay play roles as bifurcation parameters. More precisely, if the marginal cost rate lies in certain closed interval then the equilibrium point is delay-independent stable, otherwise it is delay-dependent stable and a Hopf bifurcation necessarily occurs. Some numerical simulations are presented in order to confirm the proposed theoretical results and illustrate the effect of the bifurcation parameters on model stability.
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Benjamín A. Itzá-Ortiz, Raúl Villafuerte-Segura, Eduardo Alvarado-Santos. 2021-03-03. Delay-dependent and delay-independent stability of Cournot duopoly model with tax evasion and time-delay. https://doi.org/10.1016/j.cnsns.2020.105274
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