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We identify a class of noncooperative games in continuous strategies which are best-response potential games. We identify the conditions for the existence of a best-response potential function and characterise its construction, describing then the key properties of the equilibrium. The...
Persistent link: https://www.econbiz.de/10014217114
We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital accumulation à la Solow-Swan. As a result, it becomes possible to contrast the feedback equilibrium against the corresponding one generated by open-loop information. Our method...
Persistent link: https://www.econbiz.de/10013128173
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
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We conduct an artefactual field experiment to compare the individual preferences and propensity to cooperate of three pools of subjects: Undergraduate students, temporary workers and permanent workers. We find that students are more selfish and contribute less than workers. Temporary and...
Persistent link: https://www.econbiz.de/10011316662
We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where production takes place at constant returns to scale and entails a negative environmental externality. We model the problem as a differential game and investigate (i) the Cournot-Nash...
Persistent link: https://www.econbiz.de/10011737230
We propose a simple method for characterising analytically the feedback solution of oligopoly games with capital accumulation à la Solow-Swan. As a result, it becomes possible to contrast the feedback equilibrium against the corresponding one generated by open-loop information. Our method...
Persistent link: https://www.econbiz.de/10011737241