Arbeitspapier
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
We illustrate two differential oligopoly games with capital accumulation where, alternatively, the accumulation dynamics of productive capacity is modelled either `a la Solow—Swan or `a la Ramsey. We show that in the first case the open-loop Nash equilibrium is only weakly time consistent, while in the second it is strongly so, although the Ramsey game is not state linear.
- Sprache
-
Englisch
- Erschienen in
-
Series: Quaderni - Working Paper DSE ; No. 544
- Klassifikation
-
Wirtschaft
- Thema
-
Oligopol
Zeitkonsistenz
Investition
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cellini, Roberto
Lambertini, Luca
- Ereignis
-
Veröffentlichung
- (wer)
-
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (wo)
-
Bologna
- (wann)
-
2005
- DOI
-
doi:10.6092/unibo/amsacta/4745
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cellini, Roberto
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Entstanden
- 2005
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