Year: 2025
Type: article
Abstract: We propose a learning process for a Cournot production model transformed into a leader-2-followers model. We focus our analysis on a learning process in the context of an oligopoly game comprising three players. By applying the training process in line with the essence of the leader-2-followers game, we achieve accelerated convergence to the equilibrium point in a Cournot game involving three players. Notably, the proposed learning process operates effectively under conditions of incomplete market information. An illustrative example underscores the application of the learning process in discerning the rational behavior of players in a Cournot game involving three players.
Authors: Ivan Ivanov, Ivelin Ivanov
Institutions: Shumen University, Sofia University "St. Kliment Ohridski"
Language: English
Topic: Game Theory and Applications
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409373731