Differential Games in Industrial Economics

Differential Games in Industrial Economics PDF Author: Luca Lambertini
Publisher: Cambridge University Press
ISBN: 1316732630
Category : Business & Economics
Languages : en
Pages : 275

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Book Description
Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour. Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments. This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.

Differential Games in Industrial Economics

Differential Games in Industrial Economics PDF Author: Luca Lambertini
Publisher: Cambridge University Press
ISBN: 1316732630
Category : Business & Economics
Languages : en
Pages : 275

Get Book Here

Book Description
Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour. Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments. This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.

Differential Games in Economics and Management Science

Differential Games in Economics and Management Science PDF Author: Engelbert Dockner
Publisher: Cambridge University Press
ISBN: 9780521637329
Category : Business & Economics
Languages : en
Pages : 398

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Book Description
A comprehensive, self-contained survey of the theory and applications of differential games, one of the most commonly used tools for modelling and analysing economics and management problems which are characterised by both multiperiod and strategic decision making. Although no prior knowledge of game theory is required, a basic knowledge of linear algebra, ordinary differential equations, mathematical programming and probability theory is necessary. Part One presents the theory of differential games, starting with the basic concepts of game theory and going on to cover control theoretic models, Markovian equilibria with simultaneous play, differential games with hierarchical play, trigger strategy equilibria, differential games with special structures, and stochastic differential games. Part Two offers applications to capital accumulation games, industrial organization and oligopoly games, marketing, resources and environmental economics.

Differential Gaming Models of Oligopoly

Differential Gaming Models of Oligopoly PDF Author: Marco Hanig
Publisher:
ISBN:
Category : Oligopolies
Languages : en
Pages : 510

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Book Description


The Theory and Application of Differential Games

The Theory and Application of Differential Games PDF Author: NATO Advanced Study Institute Staff
Publisher: Springer Science & Business Media
ISBN: 9789027705815
Category : Mathematics
Languages : en
Pages : 334

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Book Description
The ~irst international con~erence on differential games was held at Amherst, Massachusetts, in September 1969. A second meeting, partially supported by N.A.T.O., was held in Varenna, Italy, in June 1970. At these conferences many new theoretical results and applications, especially in economic problems, were presented. The present volume consists o~ the lectures presented at a N.A.T.O. Advanced Study Institute on the "Theory and Applications of Differential Games" held at the University of Warwick, Coventry, England, from 27th August to 6th September, 1974. The main contributions during the first week consisted of a survey of two person zero sum differential games by L. D. Berkovitz and four integrated lectures by R. J. Elliott and N. J. Kalton, who have made important contributions to the concept of "value" of a differential game. Applications were featured during the second week and included tactical air games, pursuit and evasion problems, as well as computational aspects. A closing lecture with historical perspectives was given by Rufus Issacs, the recognised pioneer of differential games theory.

Advances in Cross-Section Data Methods in Applied Economic Research

Advances in Cross-Section Data Methods in Applied Economic Research PDF Author: Nicholas Tsounis
Publisher: Springer Nature
ISBN: 3030382532
Category : Business & Economics
Languages : en
Pages : 720

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Book Description
This proceedings volume presents new methods and applications in applied economics with special interest in advanced cross-section data estimation methodology. Featuring select contributions from the 2019 International Conference on Applied Economics (ICOAE 2019) held in Milan, Italy, this book explores areas such as applied macroeconomics, applied microeconomics, applied financial economics, applied international economics, applied agricultural economics, applied marketing and applied managerial economics. International Conference on Applied Economics (ICOAE) is an annual conference that started in 2008, designed to bring together economists from different fields of applied economic research, in order to share methods and ideas. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics, to analyze economic problems of the real world, usually with economic policy interest. In addition, there is growing interest in the field of applied economics for cross-section data estimation methods, tests and techniques. This volume makes a contribution in the field of applied economic research by presenting the most current research. Featuring country specific studies, this book is of interest to academics, students, researchers, practitioners, and policy makers in applied economics, econometrics and economic policy.

Differential Games in Industrial Economics

Differential Games in Industrial Economics PDF Author: Luca Lambertini
Publisher: Cambridge University Press
ISBN: 1316730700
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour. Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments. This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.

Dynamic Models of Oligopoly

Dynamic Models of Oligopoly PDF Author: D. Fudenberg
Publisher: Taylor & Francis
ISBN: 1136456120
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
Fudenberg and Tirole use the game-theoretic issues of information, commitment and timing to provide a realistic approach to oligopoly.

Oligopoly Pricing

Oligopoly Pricing PDF Author: Xavier Vives
Publisher: MIT Press (MA)
ISBN: 9780262220606
Category : Business & Economics
Languages : en
Pages : 446

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Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.

Handbook of Game Theory with Economic Applications

Handbook of Game Theory with Economic Applications PDF Author: R.J. Aumann
Publisher: Elsevier
ISBN: 9780444894274
Category : Business & Economics
Languages : en
Pages : 824

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Book Description
This is the second of three volumes surveying the state of the art in Game Theory and its applications to many and varied fields, in particular to economics. The chapters in the present volume are contributed by outstanding authorities, and provide comprehensive coverage and precise statements of the main results in each area. The applications include empirical evidence. The following topics are covered: communication and correlated equilibria, coalitional games and coalition structures, utility and subjective probability, common knowledge, bargaining, zero-sum games, differential games, and applications of game theory to signalling, moral hazard, search, evolutionary biology, international relations, voting procedures, social choice, public economics, politics, and cost allocation. This handbook will be of interest to scholars in economics, political science, psychology, mathematics and biology. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes

Econometric Decision Models

Econometric Decision Models PDF Author: J. Gruber
Publisher: Springer Science & Business Media
ISBN: 3642464645
Category : Business & Economics
Languages : en
Pages : 374

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Book Description