Arbeitspapier
On the Feedback Solution of a Differential Oligopoly Game with Hyperbolic Demand and Capacity Accumulation
I characterise the subgame perfect equilibrium of a differential market game with hyperbolic demand where firms are quantity-setters and accumulate capacity over time à la Ramsey. I show that the open-loop solution is subgame perfect. Then, I analyse the feasibility of horizontal mergers, and compare the result generated by the dynamic setup with the merger incentive associated with the static model. It appears that allowing for the role of time makes mergers more likely to occur than they would on the basis of the static setting.
- Language
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Englisch
- Bibliographic citation
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Series: Quaderni - Working Paper DSE ; No. 692
- Classification
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Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Oligopoly and Other Imperfect Markets
- Event
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Geistige Schöpfung
- (who)
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Lambertini, Luca
- Event
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Veröffentlichung
- (who)
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Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
- (where)
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Bologna
- (when)
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2010
- DOI
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doi:10.6092/unibo/amsacta/4549
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Lambertini, Luca
- Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
Time of origin
- 2010
Other Objects (12)
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Oligopoly with Hyperbolic Demand: A Differential Game Approach
Profit Taxation and Capital Accumulation in Dynamic Oligopoly Models
Capital Accumulation and Horizontal Mergers in Differential Oligopoly Games
Non-Linear Market Demand and Capital Accumulation in A Differential Oligopoly Game
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
Dynamic Oligopoly with Sticky Prices: Closed-Loop, Feedback and Open-Loop Solutions
Managerial delegation in a dynamic renewable resource oligopoly
Feedback equilibria in a dynamic renewable resource oligopoly: pre-emption, voracity and exhaustion
Exploration for Nonrenewable Resources in a Dynamic Oligopoly: An Arrovian Result
Oligopoly with Hyperbolic Demand and Capital Accumulation
On the Feedback Solutions of Differential Oligopoly Games with Hyperbolic Demand Curve and Capacity Accumulation
Dynamic Oligopoly à la Stackelberg with Stochastic Capital Accumulation
Oligopoly with Hyperbolic Demand: A Differential Game Approach
Profit Taxation and Capital Accumulation in Dynamic Oligopoly Models
Capital Accumulation and Horizontal Mergers in Differential Oligopoly Games
Non-Linear Market Demand and Capital Accumulation in A Differential Oligopoly Game
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
Dynamic Oligopoly with Sticky Prices: Closed-Loop, Feedback and Open-Loop Solutions
Managerial delegation in a dynamic renewable resource oligopoly
Feedback equilibria in a dynamic renewable resource oligopoly: pre-emption, voracity and exhaustion
Exploration for Nonrenewable Resources in a Dynamic Oligopoly: An Arrovian Result
Oligopoly with Hyperbolic Demand and Capital Accumulation
On the Feedback Solutions of Differential Oligopoly Games with Hyperbolic Demand Curve and Capacity Accumulation
Dynamic Oligopoly à la Stackelberg with Stochastic Capital Accumulation
Oligopoly with Hyperbolic Demand: A Differential Game Approach
Profit Taxation and Capital Accumulation in Dynamic Oligopoly Models
Capital Accumulation and Horizontal Mergers in Differential Oligopoly Games
Non-Linear Market Demand and Capital Accumulation in A Differential Oligopoly Game
Weak and Strong Time Consistency in Differential Oligopoly Games with Capital Accumulation
Dynamic Oligopoly with Sticky Prices: Closed-Loop, Feedback and Open-Loop Solutions
Managerial delegation in a dynamic renewable resource oligopoly
Feedback equilibria in a dynamic renewable resource oligopoly: pre-emption, voracity and exhaustion