The deterministic and stochastic economic games

  • Authors:
  • Mihaela Neamţu

  • Affiliations:
  • West University of Timişoara, Department of Economic Informatics and Statistics, Timişoara, Romania

  • Venue:
  • MCBE'10/MCBC'10 Proceedings of the 11th WSEAS international conference on mathematics and computers in business and economics and 11th WSEAS international conference on Biology and chemistry
  • Year:
  • 2010

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Abstract

In this paper the static model of the Cournot duopoly with tax evasion and the rent seeking game with tax evasion and time delay are presented. A study for the local stability of the stationary states is carried out. Also, the stochastic approach is taken into consideration. Numerical simulations are performed for the above mentioned processes. Finally, conclusions regarding the economic processes are provided.