On the feedback solution of a differential oligopoly game with capacity adjustment

Dragone, Davide ; Lambertini, Luca ; Palestini, Arsen (2011) On the feedback solution of a differential oligopoly game with capacity adjustment. Bologna: Dipartimento di Scienze economiche DSE, p. 26. DOI 10.6092/unibo/amsacta/4499. In: Quaderni - Working Paper DSE (741). ISSN 2282-6483.
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Abstract

We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital accumulation à la Solow-Swan. As a result, it becomes possible to contrast the feedback equilibrium against the corresponding one generated by open-loop information. Our method accommodates extensions of the stripped down oligopoly model in several directions. As an example, we expand the setup to include environmental effects and Pigouvian taxation.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Dragone, Davide
Lambertini, Luca
Palestini, Arsen
Keywords
capacity, differential game, feedback equilibrium, Hamilton-Jacobi-Bellman equation
Subjects
ISSN
2282-6483
DOI
Deposit date
28 Jan 2016 13:20
Last modified
28 Jan 2016 13:20
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