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.
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