Showing 121 - 130 of 34,041
In this paper we review some basic results on linear quadratic differential games. We consider both the cooperative and non-cooperative case.For the non-cooperative game we consider the open-loop and (linear) feedback information structure. Furthermore the effect of adding uncertainty is...
Persistent link: https://www.econbiz.de/10012732555
In this paper we review a number of algorithms to compute Nash equilibria in deterministic linear quadratic differential games. We will review the open-loop and feedback information case. In both cases we address both the finite and the infinite-planning horizon
Persistent link: https://www.econbiz.de/10012732556
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
In this paper, we investigate the optimal taxation policy in a differential oligopoly game where the competing firms share the access to a productive renewable resource. We show that, in a linear Feedback Nash Equilibrium of the game, a linear Markov tax, imposed on the output, and specified as...
Persistent link: https://www.econbiz.de/10012930240
Companies spend hundreds of millions of dollars annually on advertising to build and maintain awareness for their brands in competitive markets. However, awareness formation models in the marketing literature ignore the role of competition. Consequently, we lack both the empirical knowledge and...
Persistent link: https://www.econbiz.de/10012751638
In the research presented in this paper, we analyse a model of Fish Wars, first introduced by Levhari and Mirman, restricted to finite time horizon. We study it both by analytic and numerical methods and compare results. Our study suggests possibility of using numerical methods for dynamic games...
Persistent link: https://www.econbiz.de/10012992410
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
Probabilistic equilibrium selection is defined by equipping a set of theoretical solutions with an additive weighting function. In the context of dynamic processes, a weighting function can be constructed by assigning to each theoretical solution a weight equal to the relative size of its basin...
Persistent link: https://www.econbiz.de/10013301183
Broadly speaking, institutional reformers decide about the sequencing of types of reforms, either addressing institutional quality or macroeconomic stability. This paper develops a dynamic population game, in which agents play a simple anonymous-exchange game of cooperating or defecting. Agents...
Persistent link: https://www.econbiz.de/10013336250
This paper derives the dynamic implications for price setting in an Edgeworth oligoppoly game with N2 competitors. The impetus to the dynamic game are "conjectured" variations in the prices set by competing firms whereby each firm expresses its belief that a decrease in its own price will be met...
Persistent link: https://www.econbiz.de/10013403842