Showing 1 - 8 of 8
The model proposed in this paper investigates a differential Cournot oligopoly game with nonrenewable resource exploitation, in which each firm may exploit either its own private pool or a common pool jointly with the rivals. Firms use a deterministic technology to invest in exploration...
Persistent link: https://www.econbiz.de/10010757322
Value functions of differential games with L∞ criterion over infinite horizon are known to possess poor regularity. As an alternative to generalized solutions of the Isaacs equation, that usually requires some regularity properties, we propose a characterization of the value functions using...
Persistent link: https://www.econbiz.de/10004977744
This paper deals with the issue of shelf-space allocation and advertising decisions in marketing channels. We consider a network composed of a unique retailer offering the products of two competing manufacturers. The retailer controls the amount of shelf-space to allocate to both brands, while...
Persistent link: https://www.econbiz.de/10005047558
We investigate an impulse control differential game arising in a problem of option pricing in mathematical finance. In a previous paper, it was shown that its Value function in ℝ3 could be described as a pair of functions affine in one of the variables, joined on a 2D manifold. Depending on...
Persistent link: https://www.econbiz.de/10005047582
We study a zero-sum differential game where the players have only an unperfect information on the state of the system. In the beginning of the game only a random distribution on the initial state is available. The main result of the paper is the existence of the value obtained through an...
Persistent link: https://www.econbiz.de/10005050936
Examples with zero-sum linear differential games of fixed terminal time and a convex terminal payoff function depending on two components of the phase vector are considered. Such games can have an indifferent zone with constant value function. The level set of the value function associated with...
Persistent link: https://www.econbiz.de/10005050950
In this paper the problem of allocation over time of total cost incurred by coalitions of countries in a coalitional game of pollution reduction is considered. The Nash equilibrium in the game played by coalitions is computed and then the value of each coalition is allocated according to some...
Persistent link: https://www.econbiz.de/10008853039
This paper presents a solution formula for the payoff distribution procedure of a bargaining problem in cooperative differential game that would lead to a time consistent outcome. In particular, individual rationality is satisfied for every player throughout the cooperation period.
Persistent link: https://www.econbiz.de/10011096379