Turnpike Properties in a Finite-Horizon Differential Game: Dynamic Duopoly with Sticky Prices

DOI10.2307/2526627zbMath0692.90024OpenAlexW3124110923MaRDI QIDQ3035096

Chaim Fershtman, Morton I. Kamien

Publication date: 1990

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: http://www.kellogg.northwestern.edu/research/math/papers/746.pdf

zbMATH Keywords

control constraintfeedback Nash equilibriumequilibrium-price pathsfinite-horizon dynamic duopolyfinite-horizon linear quadratic differential gameglobally asymptotically-stable stationary equilibrium

Mathematics Subject Classification ID

Differential games (aspects of game theory) (91A23) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Other game-theoretic models (91A40) Asymptotic stability in control theory (93D20)

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