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

DOI10.1016/j.econlet.2016.03.015zbMath1396.91442OpenAlexW3123509511MaRDI QIDQ1668237

Luca Lambertini, Andrea Mantovani

Publication date: 3 September 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://amsacta.unibo.it/4576/1/WP1053.pdf

zbMATH Keywords

differential gamesfeedback strategiesrenewable resources

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (6)

Managing the tragedy of commons and polluting emissions: a unified view ⋮ Stable Markov perfect equilibria in the asymmetric differential-game duopoly with a renewable resource ⋮ A Review of Experiments on Dynamic Games in Environmental and Resource Economics ⋮ Voluntary export restraints in a trade model with sticky price: linear and nonlinear feedback solutions ⋮ On the attainment of the maximum sustainable yield in the Verhulst-Lotka-Volterra model ⋮ Optimal taxation in a common resource oligopoly game

Cites Work

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• Comparative dynamics in a productive asset oligopoly
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• Unilateral production restrictions in a dynamic duopoly.
• Identification of classes of differential games for which the open loop is a degenerate feedback Nash equilibrium
• Duopoly can be more anti-competitive than monopoly
• Feedback equilibria in a dynamic renewable resource oligopoly: pre-emption, voracity and exhaustion
• On the Markovian efficiency of Bertrand and Cournot equilibria
• Existence and properties of equilibria for a dynamic game on productive assets
• Dynamic Duopolistic Competition with Sticky Prices

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