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This paper deals with deterministic dynamic pricing and advertising differential games which are stylized models of … special durable-good oligopoly markets. We analyze infinite horizon models with constant price and advertising elasticities of …
Persistent link: https://www.econbiz.de/10013027891
In this paper we analyze a stochastic dynamic advertising and pricing model with isoelastic demand. The state space is …-Steiner identity will be derived. Explicit expressions of the optimal advertising and pricing policies, of the value function and of … the optimal advertising expenditures will be given. The general results will be used to analyze the case of impatient …
Persistent link: https://www.econbiz.de/10013027894
In Sethi et al. introduced a particular new-product adoption model. They determine optimal advertising and pricing …
Persistent link: https://www.econbiz.de/10014137912