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Competition between political parties is a process that unfolds over time whereas formal theories of party competition have tended to take an essentially static, or one-shot, approach. This leaves some gaps in our understanding of the dynamics of campaigning. The aim of this paper is to make up...
Persistent link: https://www.econbiz.de/10003733875
In this article we address the problem of finding feedback Nash equilibria for linear quadratic differential games defined on descriptor systems. First, we decouple the dynamic and algebraic parts of a descriptor system using canonical projectors. We discuss the effects of feedback on the...
Persistent link: https://www.econbiz.de/10013131491
In this note we reconsider Nash equilibria for the linear quadratic differential game for an infinite planning horizon. We consider an open-loop information structure. In the standard literature this problem is solved under the assumption that every player can stabilize the system on his own. In...
Persistent link: https://www.econbiz.de/10013104566
Given an arbitrary black-box strategy for the Iterated Prisoner's Dilemma game, it is often difficult to gauge to which extent it can be exploited by other strategies. In the presence of imperfect public monitoring and resulting observation errors, deriving a theoretical solution is even more...
Persistent link: https://www.econbiz.de/10012839212
In this note we present both necessary and sufficient conditions for the existence of a linear static state feedback controller if the system is described by an index one descriptor system. A priori no definiteness restrictions are made w.r.t. the quadratic performance criterium. It is shown...
Persistent link: https://www.econbiz.de/10012722823
In this note we consider the static output feedback linear quadratic control problem. We present both necessary and sufficient conditions under which this problem has a solution in case the involved cost depend only on the output and control variables. This result is used to present both...
Persistent link: https://www.econbiz.de/10012732554
Firms frequently utilize multiple communications instruments as part of their marketing campaign. Interactions between these instruments suggest that firms should apply Integrated Marketing Communications (IMC) to benefit from the synergies. We review different IMC models and then present a...
Persistent link: https://www.econbiz.de/10012760419
This work is based on a differential game proposed by Kelvin Lancaster. The game between two agents called workers and capitalists is based on the accumulation and redistribution of benefits among social classes concluding that cooperative outcomes outperform non-cooperative. This approach...
Persistent link: https://www.econbiz.de/10012857378
In this paper we do a comprehensive analysis of the model of oligopoly with sticky prices with full analysis of behaviour of prices outside its steady state level in the infinite horizon case. An exhaustive proof of optimality is presented in both open loop and closed loop cases
Persistent link: https://www.econbiz.de/10013054960
We study the dynamics of the exploitation of a natural resource distributed among and flowing between several nodes connected via a weighted, directed network. The network represents both the locations and the interactions of the resource nodes. A regulator decides to designate some of the nodes...
Persistent link: https://www.econbiz.de/10013291200