On the feedback solution of a differential oligopoly game with capacity adjustment

Davide Dragone, Luca Lambertini, Arsen Palestini

We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital accumulation à la Solow-Swan. As a result, it becomes possible to contrast the feedback equilibrium against the corresponding one generated by open-loop information. Our method accommodates extensions of the stripped down oligopoly model in several directions. As an example, we expand the setup to include environmental effects and Pigouvian taxation.

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Year of publication:	March 14, 2011
Authors:	Dragone, Davide ; Lambertini, Luca ; Palestini, Arsen
Publisher:	Bologna, Italy : Alma Mater Studiorum - Università di Bologna, Department of Economics
Subject:	capacity \| differential game \| feedback equilibrium \| Hamilton-Jacobi-Bellman equation \| Oligopol \| Oligopoly \| Spieltheorie \| Game theory \| Produktionskapazität \| Production capacity

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	Quaderni - working paper DSE / Alma Mater Studiorum - Università di Bologna, Department of Economics. - Bologna : [Verlag nicht ermittelbar], ISSN 2282-6483, ZDB-ID 2125055-8. - Vol. no 741
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/4499 [DOI] hdl:10419/159582 [Handle]
Classification:	C73 - Stochastic and Dynamic Games ; L13 - Oligopoly and Other Imperfect Markets ; Q55 - Technological Innovation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011737241