Exploring Dynamics and Hopf Bifurcation of a Fractional-Order Bertrand Duopoly Game Model Incorporating Both Nonidentical Time Delays
Abstract
:1. Introduction
- (1)
- Explore the existence and uniqueness, non-negativeness, and boundedness of the solution to the fractional-order Bertrand duopoly game model (2).
- (2)
- Seek a series of delay-independent sufficient criteria that ensures the stability and the creation of Hopf bifurcation of the fractional-order Bertrand duopoly game model (2).
- (3)
- Build the sufficient condition that guarantees the globally asymptotically stability of the fractional-order Bertrand duopoly game model (2).
- Based on the studies of predecessors, a new fractional-order Bertrand duopoly game model is established.
- A series of delay-independent sufficient criteria that ensures the stability and the creation of Hopf bifurcation of the fractional-order Bertrand duopoly game model (2) with different types of delay is derived.
- The sufficient criterion that ensures the globally asymptotically stability of the fractional-order Bertrand duopoly game model (2) is derived by virtue of construction of a suitable positive definite function skillfully.
- The impact of delay on the stability and the occurrence of Hopf bifurcation of the fractional-order Bertrand duopoly game model (2) is elaborated.
- The study ideas can provide reference for us to probe into the bifurcation problem of plentiful fractional dynamical systems in many fields.
2. Preliminaries
3. Dynamics Exploration of the Solution
4. Bifurcation Discussion on Model (2)
5. Global Stability Study of Model (2)
6. Simulation Results
- (1)
- For Theorem 3, fix . We obtain and . Let and . The numerical simulation plots are presented in Figure 1, Figure 2, Figure 3, Figure 4, Figure 5 and Figure 6. Figure 1 shows the time history plots of system (99) with . Figure 2 shows the phase plot of system (99) with . From Figure 1 and Figure 2, we can see the locally asymptotically stable level of the positive equilibrium point of system (99), which indicates that the price of the company I will tend to and the price of the company II will tend to . Figure 3 shows the time history plots of system (99) with . Figure 4 shows the phase plot of system (99) with . From Figure 3 and Figure 4, we can see the onset of Hopf bifurcation near the positive equilibrium point of system (99), which shows that the price of the company I will keep periodic vibration around and the price of the company II will keep periodic vibration around . Figure 5 shows the bifurcation plot of system (99) with respect to t and under . Figure 6 shows the bifurcation plot of system (99) with respect to t and under . From Figure 5 and Figure 6, we can see the bifurcation value .
- (2)
- For Theorem 4, fix . We obtain . Let and . The numerical simulation plots are presented in Figure 7, Figure 8, Figure 9, Figure 10, Figure 11 and Figure 12. Figure 7 shows the time history plots of system (99) with . Figure 8 shows the phase plot of system (99) with . From Figure 7 and Figure 8, we can see the locally asymptotically stable level of the positive equilibrium point of system (99), which indicates that the price of the company I will tend to and the price of the company II will tend to . Figure 9 shows the time history plots of system (99) with . Figure 10 shows the phase plot of system (99) with . From Figure 9 and Figure 10, we can see the onset of Hopf bifurcation near the positive equilibrium point of system (99), which shows that the price of the company I will keep periodic vibration around and the price of the company II will keep periodic vibration around . Figure 11 shows the bifurcation plot of system (99) with respect to t and under . Figure 12 shows the bifurcation plot of system (99) with respect to t and . From Figure 11 and Figure 12, we can see the bifurcation value .
- (3)
- For Theorem 5, fix . We obtain . Let and . The numerical simulation plots are presented in Figure 13, Figure 14, Figure 15, Figure 16, Figure 17 and Figure 18. Figure 13 shows the time history plots of system (99) with . Figure 14 shows the phase plot of system (99) with . From Figure 13 and Figure 14, we can see the locally asymptotically stable level of the positive equilibrium point of system (99), which indicates that the price of the company I will tend to and the price of the company II will tend to . Figure 15 shows the time history plots of system (99) with . Figure 16 shows the phase plot of system (99) with . From Figure 15 and Figure 16, we can see the onset of Hopf bifurcation near the positive equilibrium point of system (99), which shows that the price of the company I will keep periodic vibration around and the price of the company II will keep periodic vibration around . Figure 17 shows the bifurcation plot of system (99) with respect to t and under . Figure 18 shows the bifurcation plot of system (99) with respect to t and under . From Figure 17 and Figure 18, we can see the bifurcation value .
- (4)
- For Theorem 6, fix . We obtain . Let and . The numerical simulation plots are presented in Figure 19, Figure 20, Figure 21, Figure 22, Figure 23 and Figure 24. Figure 19 shows the time history plots of system (99) with . Figure 20 shows the phase plot of system (99) with . From Figure 19 and Figure 20, we can see the locally asymptotically stable level of the positive equilibrium point of system (99), which indicates that the price of the company I will tend to and the price of the company II will tend to . Figure 21 shows the time history plots of system (99) with . Figure 22 shows the phase plot of system (99) with . From Figure 21 and Figure 22, we can see the onset of Hopf bifurcation near the positive equilibrium point of system (99), which shows that the price of the company I will keep periodic vibration around and the price of the company II will keep periodic vibration around . Figure 23 shows the bifurcation plot of system (99) with respect to t and under . Figure 24 shows the bifurcation plot of system (99) with respect to t and under . From Figure 23 and Figure 24, we can see the bifurcation value .
- (5)
- For Theorem 7, let . We obtain . Let and . The numerical simulation plots are presented in Figure 25, Figure 26, Figure 27, Figure 28, Figure 29 and Figure 30. Figure 25 shows the time history plots of system (99) with . Figure 26 shows the phase plot of system (99) with . From Figure 25 and Figure 26, we can see the locally asymptotically stable level of the positive equilibrium point of system (99), which shows that the price of the company I will keep periodic vibration around and the price of the company II will keep periodic vibration around . Figure 27 shows the time history plots of system (99) with . Figure 28 shows the phase plot of system (99) with . From Figure 27 and Figure 28, we can see the onset of Hopf bifurcation near the positive equilibrium point of system (99), which shows that the price of the company I will keep periodic vibration around and the price of the company II will keep periodic vibration around . Figure 29 shows the bifurcation plot of system (99) with respect to t and under . Figure 30 shows the bifurcation plot of system (99) with respect to t and under . From Figure 29 and Figure 30, we can see the bifurcation value .
7. Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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Li, Y.; Li, P.; Xu, C.; Xie, Y. Exploring Dynamics and Hopf Bifurcation of a Fractional-Order Bertrand Duopoly Game Model Incorporating Both Nonidentical Time Delays. Fractal Fract. 2023, 7, 352. https://doi.org/10.3390/fractalfract7050352
Li Y, Li P, Xu C, Xie Y. Exploring Dynamics and Hopf Bifurcation of a Fractional-Order Bertrand Duopoly Game Model Incorporating Both Nonidentical Time Delays. Fractal and Fractional. 2023; 7(5):352. https://doi.org/10.3390/fractalfract7050352
Chicago/Turabian StyleLi, Ying, Peiluan Li, Changjin Xu, and Yuke Xie. 2023. "Exploring Dynamics and Hopf Bifurcation of a Fractional-Order Bertrand Duopoly Game Model Incorporating Both Nonidentical Time Delays" Fractal and Fractional 7, no. 5: 352. https://doi.org/10.3390/fractalfract7050352
APA StyleLi, Y., Li, P., Xu, C., & Xie, Y. (2023). Exploring Dynamics and Hopf Bifurcation of a Fractional-Order Bertrand Duopoly Game Model Incorporating Both Nonidentical Time Delays. Fractal and Fractional, 7(5), 352. https://doi.org/10.3390/fractalfract7050352