{"id":"https://openalex.org/W4388724615","doi":"https://doi.org/10.1007/s10479-023-05686-8","title":"A robust route to randomness in a simple Cournot duopoly game where ambiguity aversion meets constant expectations","display_name":"A robust route to randomness in a simple Cournot duopoly game where ambiguity aversion meets constant expectations","publication_year":2023,"publication_date":"2023-11-16","ids":{"openalex":"https://openalex.org/W4388724615","doi":"https://doi.org/10.1007/s10479-023-05686-8"},"language":"en","primary_location":{"id":"doi:10.1007/s10479-023-05686-8","is_oa":true,"landing_page_url":"http://dx.doi.org/10.1007/s10479-023-05686-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-023-05686-8.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://link.springer.com/content/pdf/10.1007/s10479-023-05686-8.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5034975789","display_name":"Davide Radi","orcid":"https://orcid.org/0000-0001-7809-1166"},"institutions":[{"id":"https://openalex.org/I103320735","display_name":"Universit\u00e0 Cattolica del Sacro Cuore","ror":"https://ror.org/03h7r5v07","country_code":"IT","type":"education","lineage":["https://openalex.org/I103320735"]},{"id":"https://openalex.org/I142208455","display_name":"VSB - Technical University of Ostrava","ror":"https://ror.org/05x8mcb75","country_code":"CZ","type":"education","lineage":["https://openalex.org/I142208455"]}],"countries":["CZ","IT"],"is_corresponding":true,"raw_author_name":"D. Radi","raw_affiliation_strings":["Department of Finance V\u0160B, Technical University of Ostrava, Ostrava, Czech Republic","DiMSEFA, Catholic University of the Sacred Heart, Via Necchi 9, 20123, Milan, Italy"],"raw_orcid":"https://orcid.org/0000-0001-7809-1166","affiliations":[{"raw_affiliation_string":"Department of Finance V\u0160B, Technical University of Ostrava, Ostrava, Czech Republic","institution_ids":["https://openalex.org/I142208455"]},{"raw_affiliation_string":"DiMSEFA, Catholic University of the Sacred Heart, Via Necchi 9, 20123, Milan, Italy","institution_ids":["https://openalex.org/I103320735"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5045586765","display_name":"Laura Gardini","orcid":"https://orcid.org/0000-0002-3386-6543"},"institutions":[{"id":"https://openalex.org/I190397597","display_name":"University of Urbino","ror":"https://ror.org/04q4kt073","country_code":"IT","type":"education","lineage":["https://openalex.org/I190397597"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"L. Gardini","raw_affiliation_strings":["Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy","institution_ids":["https://openalex.org/I190397597"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5073797673","display_name":"David Goldbaum","orcid":"https://orcid.org/0000-0002-4228-1408"},"institutions":[{"id":"https://openalex.org/I114017466","display_name":"University of Technology Sydney","ror":"https://ror.org/03f0f6041","country_code":"AU","type":"education","lineage":["https://openalex.org/I114017466"]}],"countries":["AU"],"is_corresponding":false,"raw_author_name":"D. Goldbaum","raw_affiliation_strings":["Economics Discipline Group, University of Technology Sydney, Sydney, NSW, Australia"],"raw_orcid":"https://orcid.org/0000-0002-4228-1408","affiliations":[{"raw_affiliation_string":"Economics Discipline Group, University of Technology Sydney, Sydney, NSW, Australia","institution_ids":["https://openalex.org/I114017466"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5034975789"],"corresponding_institution_ids":["https://openalex.org/I103320735","https://openalex.org/I142208455"],"apc_list":{"value":2390,"currency":"EUR","value_usd":2990},"apc_paid":{"value":2390,"currency":"EUR","value_usd":2990},"fwci":1.6279,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":{"value":0.90883989,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":"337","issue":"3","first_page":"769","last_page":"807"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9950000047683716,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9950000047683716,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.983299970626831,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cournot-competition","display_name":"Cournot competition","score":0.9425702095031738},{"id":"https://openalex.org/keywords/ambiguity-aversion","display_name":"Ambiguity aversion","score":0.7402409315109253},{"id":"https://openalex.org/keywords/duopoly","display_name":"Duopoly","score":0.726945698261261},{"id":"https://openalex.org/keywords/constant","display_name":"Constant (computer programming)","score":0.6242581605911255},{"id":"https://openalex.org/keywords/randomness","display_name":"Randomness","score":0.5797041058540344},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.5770128965377808},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.5750709772109985},{"id":"https://openalex.org/keywords/ambiguity","display_name":"Ambiguity","score":0.5490819811820984},{"id":"https://openalex.org/keywords/bertrand-competition","display_name":"Bertrand competition","score":0.4616270363330841},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.38613414764404297},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.3258841633796692},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.29970109462738037},{"id":"https://openalex.org/keywords/oligopoly","display_name":"Oligopoly","score":0.2144468128681183}],"concepts":[{"id":"https://openalex.org/C16520705","wikidata":"https://www.wikidata.org/wiki/Q601799","display_name":"Cournot competition","level":2,"score":0.9425702095031738},{"id":"https://openalex.org/C127447990","wikidata":"https://www.wikidata.org/wiki/Q4741446","display_name":"Ambiguity aversion","level":3,"score":0.7402409315109253},{"id":"https://openalex.org/C180456769","wikidata":"https://www.wikidata.org/wiki/Q750207","display_name":"Duopoly","level":3,"score":0.726945698261261},{"id":"https://openalex.org/C2777027219","wikidata":"https://www.wikidata.org/wiki/Q1284190","display_name":"Constant (computer programming)","level":2,"score":0.6242581605911255},{"id":"https://openalex.org/C125112378","wikidata":"https://www.wikidata.org/wiki/Q176640","display_name":"Randomness","level":2,"score":0.5797041058540344},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.5770128965377808},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5750709772109985},{"id":"https://openalex.org/C2780522230","wikidata":"https://www.wikidata.org/wiki/Q1140419","display_name":"Ambiguity","level":2,"score":0.5490819811820984},{"id":"https://openalex.org/C142470991","wikidata":"https://www.wikidata.org/wiki/Q828555","display_name":"Bertrand competition","level":4,"score":0.4616270363330841},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.38613414764404297},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3258841633796692},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.29970109462738037},{"id":"https://openalex.org/C121398111","wikidata":"https://www.wikidata.org/wiki/Q103639","display_name":"Oligopoly","level":3,"score":0.2144468128681183},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1007/s10479-023-05686-8","is_oa":true,"landing_page_url":"http://dx.doi.org/10.1007/s10479-023-05686-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-023-05686-8.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:spr:annopr:v:337:y:2024:i:3:d:10.1007_s10479-023-05686-8","is_oa":false,"landing_page_url":"http://link.springer.com/10.1007/s10479-023-05686-8","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1007/s10479-023-05686-8","is_oa":true,"landing_page_url":"http://dx.doi.org/10.1007/s10479-023-05686-8","pdf_url":"https://link.springer.com/content/pdf/10.1007/s10479-023-05686-8.pdf","source":{"id":"https://openalex.org/S57667410","display_name":"Annals of Operations Research","issn_l":"0254-5330","issn":["0254-5330","1572-9338"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319900","host_organization_name":"Springer Science+Business Media","host_organization_lineage":["https://openalex.org/P4310319900","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Science+Business Media","Springer Nature"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Annals of Operations Research","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5199999809265137}],"awards":[{"id":"https://openalex.org/G3953415333","display_name":null,"funder_award_id":"23-06282S","funder_id":"https://openalex.org/F4320321006","funder_display_name":"Grantov\u00e1 Agentura \u010cesk\u00e9 Republiky"}],"funders":[{"id":"https://openalex.org/F4320321006","display_name":"Grantov\u00e1 Agentura \u010cesk\u00e9 Republiky","ror":"https://ror.org/01pv73b02"},{"id":"https://openalex.org/F4320323405","display_name":"Universit\u00e0 Cattolica del Sacro Cuore","ror":"https://ror.org/03h7r5v07"}],"has_content":{"pdf":true,"grobid_xml":false},"content_urls":{"pdf":"https://content.openalex.org/works/W4388724615.pdf"},"referenced_works_count":48,"referenced_works":["https://openalex.org/W256264460","https://openalex.org/W566586761","https://openalex.org/W1513281941","https://openalex.org/W1534829722","https://openalex.org/W1579562321","https://openalex.org/W1588177898","https://openalex.org/W1977947221","https://openalex.org/W1990275757","https://openalex.org/W2005087532","https://openalex.org/W2009313082","https://openalex.org/W2027047704","https://openalex.org/W2033528802","https://openalex.org/W2041380708","https://openalex.org/W2044149162","https://openalex.org/W2046185706","https://openalex.org/W2050920251","https://openalex.org/W2057943397","https://openalex.org/W2059559778","https://openalex.org/W2062957830","https://openalex.org/W2066111511","https://openalex.org/W2067477904","https://openalex.org/W2069734817","https://openalex.org/W2075054144","https://openalex.org/W2075642599","https://openalex.org/W2075733030","https://openalex.org/W2083810557","https://openalex.org/W2087966571","https://openalex.org/W2093258787","https://openalex.org/W2118578357","https://openalex.org/W2131116400","https://openalex.org/W2147948192","https://openalex.org/W2301777586","https://openalex.org/W2319356411","https://openalex.org/W2763189502","https://openalex.org/W2788428977","https://openalex.org/W2791058658","https://openalex.org/W2951058880","https://openalex.org/W2982200588","https://openalex.org/W3001319122","https://openalex.org/W3122084765","https://openalex.org/W3123169855","https://openalex.org/W3124722089","https://openalex.org/W4251616545","https://openalex.org/W4286779346","https://openalex.org/W4298137883","https://openalex.org/W4366465332","https://openalex.org/W4388891176","https://openalex.org/W6632029851"],"related_works":["https://openalex.org/W3121507373","https://openalex.org/W2534486753","https://openalex.org/W1976903731","https://openalex.org/W2109403065","https://openalex.org/W2966745213","https://openalex.org/W2027294783","https://openalex.org/W3124792203","https://openalex.org/W1581434147","https://openalex.org/W2485478695","https://openalex.org/W2066622833"],"abstract_inverted_index":{"Abstract":[0],"In":[1],"this":[2],"paper":[3],"we":[4],"investigate":[5],"the":[6,44,48,52,73,77,80],"dynamics":[7,75],"of":[8,47,51,72,76,85],"a":[9],"duopoly":[10],"game":[11,32,78],"with":[12],"ambiguity":[13,57],"aversion":[14,58],"regarding":[15],"uncertainty":[16],"in":[17,36],"demand":[18],"and":[19,39,62,87],"constant":[20],"expectations":[21],"concerning":[22],"competitor":[23],"production.":[24],"The":[25,55,70],"focus":[26],"is":[27],"on":[28],"an":[29],"asymmetric":[30],"Cournot":[31],"where":[33],"players":[34],"engage":[35],"robust":[37],"optimization":[38],"have":[40],"different":[41],"beliefs":[42],"about":[43],"possible":[45],"realizations":[46],"random":[49],"parameters":[50],"price":[53],"function.":[54],"players\u2019":[56],"introduces":[59],"multiple":[60],"equilibria":[61],"instability":[63],"that":[64],"otherwise":[65],"would":[66],"not":[67],"be":[68],"present.":[69],"investigation":[71],"global":[74],"reveals":[79],"emergence,":[81],"through":[82],"border-collision":[83],"bifurcations,":[84],"periodic":[86],"chaotic":[88],"dynamics.":[89]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1}],"updated_date":"2026-06-13T06:13:01.061226","created_date":"2025-10-10T00:00:00"}