Solution of oligopoly market equilibrium problem using modified newton method

Abstract

The paper aims to find the solution of oligopoly market equilibrium problem through system of nonlinear equations. We propose modified newton method to obtain the solution of system of nonlinear equations. We show that our proposed method has higher order of convergence. Keywords: System of nonlinear equations, modified newton method, oligopolistic market equilibrium problem.

arXiv admin note: substantial text overlap with arXiv:2209.01005