Weak and strong time consistency in a differential oligopoly game with capital accumulation (Q937142): Difference between revisions
From MaRDI portal
Set profile property. |
Set OpenAlex properties. |
||
Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1007/s10957-008-9432-0 / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W2095373405 / rank | |||
Normal rank |
Revision as of 23:26, 19 March 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Weak and strong time consistency in a differential oligopoly game with capital accumulation |
scientific article |
Statements
Weak and strong time consistency in a differential oligopoly game with capital accumulation (English)
0 references
20 August 2008
0 references
In this paper a differential oligopoly game with Ramsey capital accumulation rule is studied. Under the open-loop information structure, it is shown that the model admits a Nash equilibrium which is strongly time consistent. The reason is that the first order conditions for the control variables are independent of states and when the co-state variables are zero for the entire planning horizon.
0 references
differential games
0 references
capital accumulation
0 references
open loop equilibria
0 references