Dynamic network model of production and investment
نویسندگان
چکیده
The paper studies a dynamic network game that models the competitive behavior of firms in market. It is assumed firms, under condition simultaneous and independent choice their actions, implement determines production investment each period. firm reflects ongoing quantities it should produce supply to specifies amounts allocates modernization its technology order prevent from becoming obsolete. Next, unit cost depend on firm's competitors, which are determined by an exogenous network. Two types Nash equilibria characterized: open-loop feedback. Finally, we analyze impact related model parameters firms' behavior, profits, advantage.
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ژورنال
عنوان ژورنال: ??????? ?????-?????????????? ????????????
سال: 2023
ISSN: ['1811-9905', '2542-2251']
DOI: https://doi.org/10.21638/11701/spbu10.2023.102