This paper studies the cooperation or competition relationship from the perspective of dynamic games, where two and three firms are considered, respectively. The associated mathematical models are described by systems with nonlinear delayed differential equations. The equilibrium points are determined and the existence of the Hopf bifurcation is investigated. The conclusions and future works are provided.
equilibrium points, Hopf bifurcation, replicator dynamics, stability
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Cite this paper
Mihaela Neamtu Nicoleta Sirghi, Doriana Ramescu. (2017) Analysis of Cooperation and Competition Relationship among Two and Three Firms. International Journal of Economics and Management Systems, 2, 336-341
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