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Non linearity The logistic equation

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Presentation on theme: "Non linearity The logistic equation"— Presentation transcript:

1 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

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5 David Beim 2011

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13 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

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

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