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Differential games in industrial economics

Lambertini, Luca - 2018

differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly …Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm …. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on …

Persistent link: https://www.econbiz.de/10013285185

Feedback Equilibria in a Dynamic Renewable Resource Oligopoly : Pre-Emption, Voracity and Exhaustion

Lambertini, Luca - 2015

feedback and nonlinear feedback strategies, generalizing his result that steady state feedback outputs are lower than monopoly …

Persistent link: https://www.econbiz.de/10013034894

Feedback Equilibria in a Dynamic Renewable Resource Oligopoly : Pre-Emption, Voracity and Exhaustion

Lambertini, Luca - 2013

feedback and nonlinear feedback strategies, generalising his result that steady state feedback outputs are lower than monopoly …

Persistent link: https://www.econbiz.de/10013080186

Open Innovation in a dynamic cournot duopoly

Hasnas, Irina; Lambertini, Luca; Palestini, Arsen - 2013

In recent years Open Innovation (OI) processes have been receiving growing attention from the empirical and theoretical economic literature, where a debate is taking place on the aspects of complementarity or substitutability between internal R&D and OI spillover. By means of a differential game...

Persistent link: https://www.econbiz.de/10010191378

Feedback equilibria in a dynamic renewable resource oligopoly : pre-emption, voracity and exhaustion

Lambertini, Luca; Mantovani, Andrea - 2013

Persistent link: https://www.econbiz.de/10010210437

A single espresso, please! : rationalizing espresso price dispersion across Italian cities

Delbono, Flavio; Dipoppa, Gemma; Lambertini, Luca; … - 2015

This paper aims at providing an explanation of the observed espresso price dispersion across major Italian cities. The empirical evidence suggests a positive relationships between the average espresso price in a city and the number of coffee shops (normalized for the adult population) operating...

Persistent link: https://www.econbiz.de/10011714291

Strategic delegation under cost asymmetry

Delbono, Flavio; Lambertini, Luca; Marattin, Luigi - 2015

We revisit the two-stage duopoly game with strategic delegation and asymmetric technologies of Sen and Stamatopoulos (2015). We show that their conclusions are misled by the restrictive assumption that the extent of delegation to managers is restricted to a binary set. Allowing for a continuous...

Persistent link: https://www.econbiz.de/10011714314

On the properties of linear supply functions in oligopoly

Delbono, Flavio; Lambertini, Luca - 2015

In this note we revisit the result by Menezes and Quiggin (2012), showing that under linear supply function competition, the same Nash equilibrium results when arms choose slopes or intercepts of their supply functions. This is because the first order conditions emerging in the two strategy...

Persistent link: https://www.econbiz.de/10011714330

Investigating the strategic nature of supply functions in oligopoly

Delbono, Flavio; Lambertini, Luca - 2015

We show that supply functions cannot be classified as either strategic complements or substitutes according to the twofold criterion advanced by Bulow et al. (1985). This is because while the slope of the best reply is univocally positive, this is not the case with the sign of the cross...

Persistent link: https://www.econbiz.de/10011714371

The effects of environmental quality misperception on investments and regulation

Lambertini, Luca; Pignataro, Giuseppe; Tampieri, Alessandro - In: International journal of production economics 225 (2020), pp. 1-13

Persistent link: https://www.econbiz.de/10012293786