152 / 2016-05-20 11:37:50

Is Duopoly Less Competitive Than Monopoly

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We expands the dynamic duopoly of renewable resource in two different contracts of resource stock feedback under Cournot duopoly, monopoly equilibrium, linear feedback and nonlinear feedback strategies. Which shows the duopoly is less competitive than monopoly. Moreover, these results also valid that the price under monopoly is much more lower than other two feedback equilibrium.