Dynamic duopoly with adjustment costs: A differential game approach

DOI10.1016/0022-0531(89)90085-9zbMath0682.90013OpenAlexW1994693646MaRDI QIDQ1824529

Stephen McCafferty, Robert A. Driskill

Publication date: 1989

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(89)90085-9

zbMATH Keywords

duopolysubgame perfect equilibriumCournot equilibriumperfect competitionlimit game

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Applications of game theory (91A80) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Related Items (19)

Strategic incentives in dynamic duopoly ⋮ A dynamic model of quality competition with endogenous prices ⋮ Output diffusion of the monopolist over time and space ⋮ COMPLEMENTARITY, SUBSTITUTABILITY AND STRATEGIC ACCUMULATION OF CAPITAL ⋮ Optimal firm growth under the threat of entry ⋮ A differential oligopoly game with differentiated goods and sticky prices ⋮ Dynamic Oligopoly Models with Production Adjustment and Investment Costs ⋮ Identifying reaction functions in differential oligopoly games ⋮ Special issue on variational inequalities: consistent conjectural variations coincide with the Nash solution in the meta-model ⋮ Oligopolies with contingent workforce and unemployment insurance systems ⋮ Capacity investments in a stochastic dynamic game: equilibrium characterization ⋮ Dynamic oligopolies with contingent workforce and investment costs ⋮ Mean field production output control with sticky prices: Nash and social solutions ⋮ A dynamic general equilibrium analysis of deviations from the laws of one price ⋮ A differential oligopoly game for optimal production planning and water savings ⋮ On the Markovian efficiency of Bertrand and Cournot equilibria ⋮ Dynamic oligopoly pricing with reference-price effects ⋮ Markov interactions in a class of dynamic games ⋮ Cournot oligopoly when the competitors operate under capital constraints

Cites Work

• Game theory applied to dynamic duopoly problems with production constraints
• On Adjustment Costs and the Stability of Equilibria
• Dynamic Duopolistic Competition with Sticky Prices
• Capacity Investment, Preemption and Commitment in an Infinite Horizon Model
• Non-Cooperative Equilibria in Time-Dependent Supergames
• A Differential Game Model of Duopoly

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