Environmental Stochasticity, Cournot Competition and the Prisoner’s Dilemma

DOI10.1142/S0219198919500099zbMath1443.91226OpenAlexW2962783576MaRDI QIDQ5110634

Charles Perrings, Robert Mamada

Publication date: 21 May 2020

Published in: International Game Theory Review (Search for Journal in Brave)

Full work available at URL: http://perrings.faculty.asu.edu/wp-content/uploads/2020/05/Mamada-Perrings-IGTR-2020-1.pdf

zbMATH Keywords

Wiener processCournot competitionItô's lemmaprice stochasticity

Mathematics Subject Classification ID

Applications of game theory (91A80) Brownian motion (60J65) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

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• The core of an economy with a common pool resource: a partition function form approach
• Pollution control in a Cournot duopoly via taxes or permits
• Numerical methods for simulation of stochastic differential equations
• Equilibrium pollution taxes in open economies with imperfect competition
• Static and dynamic best-response potential functions for the non-linear Cournot game
• A Theory of 'Oil'Igopoly: Cournot Equilibrium in Exhaustible Resource Markets with Fixed Supplies
• The Optimal Production of an Exhaustible Resource When Price Is Exogenous and Stochastic
• Economic Dynamics
• Disequilibrium Economics
• On the Optimal Number of Firms in the Commons: Cournot vs Bertrand

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