Differential Games in Industrial Economics

By:

Sign Up Now! Already a Member? Log In
You must be logged into Bookshare to access this title. Learn about membership options, or view our freely available titles.

Synopsis
Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour.

Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments.

This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.

Explains the mathematical treatment of the core models.

Covers growth theory, environmental and resource economics and international trade.

Includes a tutorial on optimal control and differential game theory.

Copyright:
2018

Book Details

Book Quality:
Publisher Quality
Book Size:
300 Pages
ISBN-13:
9781316732632
Related ISBNs:
9781107164680, 9781107164680
Publisher:
Cambridge University Press
Date of Addition:
Copyrighted By:
Luca Lambertini
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Business and Finance
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.

Reviews

No Rating Yet