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This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...
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Theory -- Decision Theory -- Basic Concepts -- Multistage Game -- Repeated Games -- Incomplete Information -- Problems …This textbook provides an overview of the fundamentals of game theory and its applications in various fields. It … introduces game theory as an established toolkit for the mathematical analysis and evaluation of strategic decisions. Through …
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