Narrow search
Showing 1 - 10 of 171,960
Cover Image
Equilibrium analysis of dynamic models of imperfect competition
Escobar, Juan F. - In: International journal of industrial organization 31 (2013) 1, pp. 92-101
Persistent link: https://www.econbiz.de/10009716332
Cover Image
Protocol invariance and the timing of decisions in dynamic games
Doraszelski, Ulrich; Escobar, Juan F. - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 2, pp. 597-646
We characterize a class of dynamic stochastic games that we call separable dynamic games with noisy transitions and establish that these widely used models are protocol invariant provided that periods are sufficiently short. Protocol invariance means that the set of Markov perfect equilibria is...
Persistent link: https://www.econbiz.de/10012022775
Cover Image
Dynamic stochastic games with random moves
Doraszelski, Ulrich; Judd, Kenneth L. - In: Quantitative marketing and economics : QME 17 (2019) 1, pp. 59-79
Persistent link: https://www.econbiz.de/10012016454
Cover Image
Avoiding the curse of dimensionality in dynamic stochastic games
Doraszelski, Ulrich; Judd, Kenneth L. - In: Quantitative economics : QE ; journal of the … 3 (2012) 1, pp. 53-93
Discrete-time stochastic games with a finite number of states have been widely applied to study the strategic interactions among forward-looking players in dynamic environments. These games suffer from a “curse of dimensionality” when the cost of computing players’ expectations over all...
Persistent link: https://www.econbiz.de/10011756461
Cover Image
Stochastic bequest games
Balbus, Lukasz; Jaśkiewicz, Anna; Nowak, Andrzej S. - In: Games and economic behavior 90 (2015), pp. 247-256
Persistent link: https://www.econbiz.de/10011383941
Cover Image
Stationary Markov perfect equilibria in risk sensitive stochastic overlapping generations models
Jaśkiewicz, Anna; Nowak, Andrzej S. - In: Journal of economic theory 151 (2014), pp. 411-447
Persistent link: https://www.econbiz.de/10010389599
Cover Image
Risk Aversion and Dynamic Games between Hydroelectric Operators Under Uncertainty
Abbassi, Abdessalem; Dakhlaoui, Ahlem; Tamini, Lota D. - 2014
hydroelectricity producers are risk averse and face demand uncertainty. In each type of market structure we analytically determine the … electricity prices. In the oligopolistic case with symmetric risk aversion coefficient, we determine the conditions under which … (storage) in its competitor’s dams. When there is asymmetry of the risk aversion coefficient, the firm’s hydroelectricity …
Persistent link: https://www.econbiz.de/10014144936
Cover Image
Uncertain regulatory timing and market dynamics
Wilson, Nathan E. - In: International Journal of Industrial Organization 30 (2012) 1, pp. 102-115
Using a dynamic model of capacity accumulation, I examine the relationship between uncertainty about the timing of a new Pigouvian tax and oligopolistic competition. I find that for some market structures uncertainty about the timing of the regulatory change leads firms to increase investment....
Persistent link: https://www.econbiz.de/10010582618
Cover Image
Technology choice under emission regulation uncertainty in international container shipping
Haehl, Christian; Spinler, Stefan - In: European journal of operational research : EJOR 284 (2020) 1, pp. 383-396
Persistent link: https://www.econbiz.de/10012238708
Cover Image
Investment and charter under market and regulatory uncertainty : real options-based studies in international container shipping
Haehl, Christian A. H. - 2017
Persistent link: https://www.econbiz.de/10012172530