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Determinants of innovative activity in oligopolistic markets

โœ Scribed by Manfred Stadler

Book ID
112501913
Publisher
Springer Vienna
Year
1992
Tongue
English
Weight
895 KB
Volume
56
Category
Article
ISSN
1617-7134

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โœ Ding Zhanwen; Tian Lixin; Yang Honglin ๐Ÿ“‚ Article ๐Ÿ“… 2008 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 243 KB

In this paper we study the oligopoly model of nonrenewable resource in which the unit production cost is variable and depends on the resource reserve level. We consider both the open-loop strategy and the closed-loop strategy of this dynamical differential game. For the case of linear cost function