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This book shows how to combine game theory and option pricing in order to analyze dynamic multiperson decision problems … latter can be addressed by game theory. The text shows how both instruments can be combined and how game theory can be … serving as a guide to stochastic game theory modelling in continuous time, the text contains numerous applications to the …
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The effect of price regulation on generic market entry and welfare in the presence of (persuasive) advertising is …. If price regulation is too strict, then the generic firm will refrain from market entry. Hence, the model confirms the … empirical observation that generic market shares are lower in countries with strict price regulation. …
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