Open-loop and feedback models of dynamic oligopoly
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: International Journal of Industrial Organization
سال: 1993
ISSN: 0167-7187
DOI: 10.1016/0167-7187(93)90015-5