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In the study we explore an oligopoly market for equilibrium and stability based on statistical data with the help of response functions rather than payoff maximization. To achieve this, we extend the concept of coupled fixed points to triple fixed points. We propose a new model that leads to...
Persistent link: https://www.econbiz.de/10014636403
We consider a class of infinite-dimensional singular stochastic control problems. These can be thought of as spatial monotone follower problems and find applications in spatial models of production and climate transition. Let (D, M, μ) be a finite measure space and consider the Hilbert space H...
Persistent link: https://www.econbiz.de/10014547458