Inefficiency of credible strategies in oligopolistic resource markets with uncertainty

DOI10.1016/0165-1889(87)90028-5zbMath0643.90017OpenAlexW2146155707MaRDI QIDQ1102169

Frederick van der Ploeg

Publication date: 1987

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://pure.uvt.nl/portal/en/publications/inefficiency-of-credible-strategies-in-oligopolistic-resource-markets-with-uncertainty(6bc6cbe2-bc1f-49ef-9988-80d6e2f4a4ba).html

zbMATH Keywords

feedbackNash equilibriumharvestingopen-loopsub-game perfect Nash equilibriummemorylessdifferent information structuresclosed- loopcommon renewable resourceN-person dynamic nonzero-sum game

Mathematics Subject Classification ID

Noncooperative games (91A10) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Other game-theoretic models (91A40) Stochastic games, stochastic differential games (91A15) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Probabilistic games; gambling (91A60)

Related Items (6)

Dynamic oligopoly with capacity adjustment costs ⋮ Dynamic games in the economics of natural resources: a survey ⋮ Competitive versus efficient extraction of a common property resource: The groundwater case ⋮ STEADY-STATE GROWTH AND DISTRIBUTION WITH AN ENDOGENOUS DIRECTION OF TECHNICAL CHANGE ⋮ A TIME-CONSISTENT AGREEMENT IN AN INTERREGIONAL DIFFERENTIAL GAME ON POLLUTION AND TRADE ⋮ Oligopoly equilibria in nonrenewable resource markets

Cites Work

• Capital accumulation games of infinite duration
• Dynamic common property resources and environmental problems
• Linear-quadratic stochastic pursuit-evasion games
• Dynamic noncooperative game theory
• Reexamination of the perfectness concept for equilibrium points in extensive games
• Nonzero-sum differential games
• Further properties of nonzero-sum differential games
• Uncertainty in the Theory of Renewable Resource Markets
• Adjoint processes in stochastic optimal control problems
• An Open-Access Fishery with Rational Expectations
• Oligopoly Extraction of a Common Property Natural Resource: The Importance of the Period of Commitment in Dynamic Games
• Noncooperative and Dominant Player Solutions in Discrete Dynamic Games
• Mathematical programming and the control of Markov chains†
• A Dynamic Model of an Armaments Race
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