Differential Games in Industrial Economics

by Luca Lambertini

Author	: Luca Lambertini
Publisher	: Cambridge University Press
Total Pages	: 275
Release	: 2018-04-26
Genre	: Business & Economics
ISBN	: 1316732630

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Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial economists have tended to rely on a restricted set of tools from game theory, focusing on static and repeated games to analyse firm structure and behaviour. Luca Lambertini, a leading expert on the application of differential game theory to economics, argues that many dynamic phenomena in industrial organisation (such as monopoly, oligopoly, advertising, R&D races) can be better understood and analysed through the use of differential games. After illustrating the basic elements of the theory, Lambertini guides the reader through the main models, spanning from optimal control problems describing the behaviour of a monopolist through to oligopoly games in which firms' strategies include prices, quantities and investments. This approach will be of great value to students and researchers in economics and those interested in advanced applications of game theory.

Differential Games in Economics and Management Science

by Engelbert Dockner

Author	: Engelbert Dockner
Publisher	: Cambridge University Press
Total Pages	: 398
Release	: 2000-11-16
Genre	: Business & Economics
ISBN	: 9780521637329

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A comprehensive, self-contained survey of the theory and applications of differential games, one of the most commonly used tools for modelling and analysing economics and management problems which are characterised by both multiperiod and strategic decision making. Although no prior knowledge of game theory is required, a basic knowledge of linear algebra, ordinary differential equations, mathematical programming and probability theory is necessary. Part One presents the theory of differential games, starting with the basic concepts of game theory and going on to cover control theoretic models, Markovian equilibria with simultaneous play, differential games with hierarchical play, trigger strategy equilibria, differential games with special structures, and stochastic differential games. Part Two offers applications to capital accumulation games, industrial organization and oligopoly games, marketing, resources and environmental economics.

Differential Games in Industrial Economics

by Luca Lambertini

Author	: Luca Lambertini
Publisher	:
Total Pages	: 275
Release	: 2018-04-26
Genre	: Business & Economics
ISBN	: 1107164680

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A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.

Differential Games

by Avner Friedman

Author	: Avner Friedman
Publisher	: Courier Corporation
Total Pages	: 372
Release	: 2013-06-06
Genre	: Mathematics
ISBN	: 0486153274

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Graduate-level text surveys games of fixed duration, games of pursuit and evasion, the computation of saddle points, games of survival, games with restricted phase coordinates, and N-person games. 1971 edition.

A Survey Of Dynamic Games In Economics

by Ngo Van Long

Author	: Ngo Van Long
Publisher	: World Scientific
Total Pages	: 290
Release	: 2010-09-23
Genre	: Mathematics
ISBN	: 981446595X

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This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.

Handbook of Dynamic Game Theory

by Tamer Basar

Author	: Tamer Basar
Publisher	:
Total Pages	:
Release	: 19??
Genre	: Differential games
ISBN	: 9783319273358

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Résumé : "This will be a two-part handbook on Dynamic Game Theory and part of the Springer Reference program. Part I will be on the fundamentals and theory of dynamic games. It will serve as a quick reference and a source of detailed exposure to topics in dynamic games for a broad community of researchers, educators, practitioners, and students. Each topic will be covered in 2-3 chapters with one introducing basic theory and the other one or two covering recent advances and/or special topics. Part II will be on applications in fields such as economics, management science, engineering, biology, and the social sciences."

Dynamic Optimization and Differential Games

by Terry L. Friesz

Author	: Terry L. Friesz
Publisher	: Springer Science & Business Media
Total Pages	: 509
Release	: 2010-08-20
Genre	: Business & Economics
ISBN	: 0387727787

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This book has been written to address the increasing number of Operations Research and Management Science problems (that is, applications) that involve the explicit consideration of time and of gaming among multiple agents. It is a book that will be used both as a textbook and as a reference and guide by those whose work involves the theoretical aspects of dynamic optimization and differential games.

Optimal Control Theory

by Suresh P. Sethi

Author	: Suresh P. Sethi
Publisher	: Taylor & Francis US
Total Pages	: 536
Release	: 2006
Genre	: Business & Economics
ISBN	: 9780387280929

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Optimal control methods are used to determine optimal ways to control a dynamic system. The theoretical work in this field serves as a foundation for the book, which the authors have applied to business management problems developed from their research and classroom instruction. Sethi and Thompson have provided management science and economics communities with a thoroughly revised edition of their classic text on Optimal Control Theory. The new edition has been completely refined with careful attention to the text and graphic material presentation. Chapters cover a range of topics including finance, production and inventory problems, marketing problems, machine maintenance and replacement, problems of optimal consumption of natural resources, and applications of control theory to economics. The book contains new results that were not available when the first edition was published, as well as an expansion of the material on stochastic optimal control theory.

Dynamic Economic Analysis

by Gerhard Sorger

Author	: Gerhard Sorger
Publisher	: Cambridge University Press
Total Pages	: 453
Release	: 2015-02-12
Genre	: Business & Economics
ISBN	: 1316240843

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Focusing on deterministic models in discrete time, this concise yet rigorous textbook provides a clear and systematic introduction to the theory and application of dynamic economic models. It guides students through the most popular model structures and solution concepts, from the simplest dynamic economic models through to complex problems of optimal policy design in dynamic general equilibrium frameworks. Chapters feature theorems and practical hints, and seventy-five worked examples highlight the various methods and results that can be applied in dynamic economic models. Notation and formulation is uniform throughout, so students can easily discern the similarities and differences between various model classes. Chapters include more than sixty exercises for students to self-test their analytical skills, and password-protected solutions are available for instructors on the companion website. Assuming no prior knowledge of dynamic economic analysis or dynamic optimization, this textbook is ideal for advanced students in economics.