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Persistent link: https://www.econbiz.de/10010210437
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalizing his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10013034894
We revisit Fujiwara's (2008) differential duopoly game to show that the degenerate nonlinear feedback identified by the tangency point with the stationary state line is indeed unstable, given the dynamics of the natural resource exploited by firms. To do so, we fully characterise the continuum...
Persistent link: https://www.econbiz.de/10012999236
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalising his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10013080186
Persistent link: https://www.econbiz.de/10009745966
We extend Fujiwara's (2008) model to describe a differential oligopoly game of resource extraction under static, linear feedback and nonlinear feedback strategies, generalising his result that steady state feedback outputs are lower than monopoly and static oligopoly equilibrium outputs for any...
Persistent link: https://www.econbiz.de/10011730432
We revisit Fujiwaraís (2008) differential duopoly game to show that the degenerate nonlinear feedback identified by the tangency point with the stationary state line is indeed unstable, given the dynamics of the natural resource exploited by firms. To do so, we fully characterise the continuum...
Persistent link: https://www.econbiz.de/10011705644
Persistent link: https://www.econbiz.de/10010203596
I propose a differential oligopoly game of resource extraction under (quasi-static) open-loop and nonlinear feedback strategies, where firms are managerial and two alternative types of delegation contract are considered. Under open-loop information, delegation expands the residual steady state...
Persistent link: https://www.econbiz.de/10011715908
Persistent link: https://www.econbiz.de/10011372475