A dynamic Cournot-Nash game: a representation of a finitely repeated feedback game
نویسنده
چکیده
This paper studies market outcome equivalence of two dynamic productioncapital investment games under uncertainty. One is played under complete information, while the other, feedback (FB) game, is played under incomplete information about the opponents’ costs and market demand. The FB game structure may be observed in some newly initiated industries, in which a homogeneous good is exchanged via an auction mechanism. In that case, the FB game setting may predict the complete information equilibrium market outcomes.
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ورودعنوان ژورنال:
- Comput. Manag. Science
دوره 4 شماره
صفحات -
تاریخ انتشار 2007