Capacity investments in a stochastic dynamic game: Equilibrium characterization
نویسندگان
چکیده
We study a two-period duopoly game with capacity accumulation under demand uncertainty, production and time-to-build constraints. These considerations are relevant in network industries such as electricity markets and hot spot markets.We characterize and compare open-loop, Markov perfect and closed-loop Nash equilibrium investments.
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ورودعنوان ژورنال:
- Oper. Res. Lett.
دوره 41 شماره
صفحات -
تاریخ انتشار 2013