Anticipation in innovative investment under oligopolistic competition

DOI10.1016/J.AUTOMATICA.2012.08.007zbMath1252.93017OpenAlexW2159545308MaRDI QIDQ694811

Peter M. Kort, Stefan Wrzaczek

Publication date: 13 December 2012

Published in: Automatica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.automatica.2012.08.007

zbMATH Keywords

maximum principledifferential gamesvintage capitaloptimal control theoryembodied technological progress

Mathematics Subject Classification ID

Optimality conditions for problems involving partial differential equations (49K20) Control/observation systems governed by partial differential equations (93C20) Nonlinear systems in control theory (93C10) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Related Items (1)

Optimal firm growth under the threat of entry

Cites Work

• Unnamed Item
• Capital accumulation games of infinite duration
• On the saddle-point stability for a class of dynamic games
• Turnpike properties of capital accumulation games
• Dynamic noncooperative game theory
• Dynamic oligopoly with capacity adjustment costs
• Optimality conditions for age-structured control systems.
• Anticipation effects of technological progress on capital accumulation: a vintage capital approach
• Capacity Investment, Preemption and Commitment in an Infinite Horizon Model

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