A dynamic duopoly investment game without commitment under uncertain market expansion
نویسندگان
چکیده
منابع مشابه
Strategic Timing of Technological Innovation Investment under Asymmetric Duopoly: A Real Option and Game-theoretic Approach
In an asymmetric duopoly option game-theoretic framework, this paper investigates the firms’ strategic technological innovation investment under uncertainty. There exist three types of equilibria that can occur in the choice of the technological innovation investment strategies, namely the preemptive, sequential and simultaneous equilibrium. The occurrence of a particular type of equilibrium is...
متن کاملInvestment and Consumption without Commitment
December 8, 2008 Abstract. In this paper, we investigate the Merton portfolio management problem in the context of non-exponential discounting. This gives rise to time-inconsistency of the decision-maker. If the decision-maker at time t = 0 can commit his/her successors, he/she can choose the policy that is optimal from his/her point of view, and constrain the others to abide by it, although th...
متن کاملA Dynamic Pricing Model under Duopoly Competition
We introduce and analyze a multi-period, finite horizon, no-replenishment, dynamic pricing model under duopoly competition between two retailers who sell an identical good. According to our duopoly competition model, a single consumer, whose valuation is uniformly distributed on [0,1], visits only one of the two retailers in each period. If the price posted by the retailer visited by the consum...
متن کاملAssessing impact of subjective demand beliefs on a dynamic duopoly electricity market game
In the context of liberalized markets, market outcomes generally result from the strategic interactions of all market players. Generation company (Genco), as the distributed players, build their subjective demand evaluations (SDFs) about market for optimal bidding purpose. Due to the differences in terms of data availability and modeling techniques, subjective demand models held by various Genc...
متن کاملStudy on the dynamic model of a duopoly game with delay in insurance market
On the basis of domestic and foreign workers’ study, this paper considers the dynamic model of a duopoly price game in insurance market. In the duopoly model, we theoretically analyze the existence and stability of the Nash equilibrium point of the dynamic system, when one player or both players make a delayed decision, then stability conditions are obtained. The numerical simulation results fu...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2012
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2012.07.005