Dynamic Oligopoly with Sticky Prices: Closed-Loop, Feedback, and Open-Loop Solutions
نویسندگان
چکیده
منابع مشابه
Di¤erential Oligopoly Games where the Closed-Loop Memoryless and Open-Loop Equilibria Coincide
We illustrate two di¤erential oligopoly games using, respectively, the capital accumulation dynamics à la Nerlove-Arrow, and the capital accumulation dynamics à la Ramsey. We prove that these games bene...t from the property that closed-loop memoryless solutions degenerate into open-loop solutions, since the best reply of a generic ...rm is independent of the rivals’ state variables, which enta...
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ژورنال
عنوان ژورنال: Journal of Dynamical and Control Systems
سال: 2004
ISSN: 1079-2724
DOI: 10.1023/b:jods.0000034432.46970.64