Turnpike Properties in a Finite-Horizon Differential Game: Dynamic Duopoly with Sticky Prices

A Differential Oligopoly Game with Sticky Prices and Environmental Externality

a differential oligopoly game with sticky prices and environmental externality

Identifying Reaction Functions in a Differential Oligopoly Game with Sticky Prices

We investigate the issue of strategic substitutability/complementarity in a Cournot differential game with sticky prices. We show that first order conditions do not produce instantaneous best reply functions. However, we identify negatively sloped reaction functions in steady state, with the open-loop best reply being flatter than its closed-loop counterpart. JEL classification: C73, D43, D92, ...

Global Analysis of a Dynamic Duopoly Game with Bounded Rationality

A dynamic Cournot duopoly game, characterized by finns with bounded rationality, is represented by a discrete-time dynamical system of the plane. Conditions ensuring the local stability ofa Nash equilibrium, under a local (or myopic) adjustment process, are given, and the influence ofmarginal costs and speeds ofadjustment of the two finns on stability is studied. The stability loss ofthe Nash e...

Dynamic Pricing with Periodic Review and a Finite set of Prices with Cancellation

In this paper, three dynamic pricing models are developed and analyzed. We assume a limited number of a particular asset is offered for sale over a period of time. This asset is perishable and can be an inventory or a manufacturing capacity. During each period, the seller sets a price for this asset. This price is selected from a predetermined discrete set. The maximum amount which a customer i...