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I investigate two versions of a differential Cournot oligopoly game with nonrenewable resource exploitation, in which each firm may either exploit its own private pool or exploit a common pool jointly with the rivals. Firms use a deterministic technology to invest in exploration activities. In...
Persistent link: https://www.econbiz.de/10014162118
In this paper the scope of the applicability of the Stackelberg equilibrium concept in differential games is investigated. Firstly, it is showed that for a class of differential games with state-interdependence the stationary feedback Nash equilibrium coincides with the stationary feedback...
Persistent link: https://www.econbiz.de/10014117323
I investigate two versions of a differential Cournot oligopoly game with nonrenewable resource exploitation, in which each firm may either exploit its own private pool or exploit a common pool jointly with the rivals. Firms use a deterministic technology to invest in exploration activities. In...
Persistent link: https://www.econbiz.de/10011730329
Persistent link: https://www.econbiz.de/10001800453
Persistent link: https://www.econbiz.de/10001724750
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In this paper I take a wide perspective on what the role of an economist might be in an anthropological sense, taking a step back and considering what an economist might be for in a general sense, rather than in the sense of a capitalist society in the early 21st century. I suggest that the role...
Persistent link: https://www.econbiz.de/10014175058