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Dynamic duopoly with adjustment costs: A differential game approach

✍ Scribed by Robert A Driskill; Stephen McCafferty

Book ID
113181116
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
783 KB
Volume
49
Category
Article
ISSN
0022-0531

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A repeated, discrete time, heterogeneous Cournot duopoly game with bounded rational and adaptive players adjusting the quantities of production is subject of investigation. Linear inverse demand function and quadratic cost functions reflecting decreasing returns to scale are assumed. The game is mod