On the (in)stability of nonlinear feedback solutions in a dynamic duopoly with renewable resource exploitation

Lambertini, Luca ; Mantovani, Andrea (2016) On the (in)stability of nonlinear feedback solutions in a dynamic duopoly with renewable resource exploitation. Bologna: Dipartimento di Scienze economiche DSE, p. 11. DOI 10.6092/unibo/amsacta/4576. In: Quaderni - Working Paper DSE (1053). ISSN 2282-6483.
Full text available as:
[img]
Preview
PDF
License: Creative Commons Attribution Non-commercial

Download (357kB) | Preview

Abstract

We revisit Fujiwaraís (2008) differential duopoly game to show that the degenerate nonlinear feedback identified by the tangency point with the stationary state line is indeed unstable, given the dynamics of the natural resource exploited by firms. To do so, we fully characterise the continuum of nonlinear feedback solution via Rowat's (2007)method, characterising the infinitely many stable nonlinear feedback equilibria.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Lambertini, Luca
Mantovani, Andrea
Keywords
differential games, renewable resources, feedback strategies
Subjects
ISSN
2282-6483
DOI
Deposit date
11 Feb 2016 12:00
Last modified
07 Jun 2017 08:36
URI

Other metadata

Downloads

Downloads

Staff only: View the document

^