Differential games in industrial economics:
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 beh...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2018
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| Subjects: | |
| Online Access: | BSB01 EUV01 UBG01 UER01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (xvi, 258 Seiten) |
| ISBN: | 9781316691175 |
| DOI: | 10.1017/9781316691175 |
Staff View
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| indexdate | 2024-07-10T08:10:04Z |
| institution | BVB |
| isbn | 9781316691175 |
| language | English |
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| publishDate | 2018 |
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| publisher | Cambridge University Press |
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| spelling | Lambertini, Luca Verfasser (DE-588)171375963 aut Differential games in industrial economics Luca Lambertini Cambridge Cambridge University Press 2018 1 Online-Ressource (xvi, 258 Seiten) txt rdacontent c rdamedia cr rdacarrier 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 Industrial organization (Economic theory) Industrial management Erscheint auch als Druck-Ausgabe, Hardcover 978-1-107-16468-0 Erscheint auch als Druck-Ausgabe, Paperback 978-1-316-61649-9 https://doi.org/10.1017/9781316691175 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Lambertini, Luca Differential games in industrial economics Industrial organization (Economic theory) Industrial management |
| title | Differential games in industrial economics |
| title_auth | Differential games in industrial economics |
| title_exact_search | Differential games in industrial economics |
| title_full | Differential games in industrial economics Luca Lambertini |
| title_fullStr | Differential games in industrial economics Luca Lambertini |
| title_full_unstemmed | Differential games in industrial economics Luca Lambertini |
| title_short | Differential games in industrial economics |
| title_sort | differential games in industrial economics |
| topic | Industrial organization (Economic theory) Industrial management |
| topic_facet | Industrial organization (Economic theory) Industrial management |
| url | https://doi.org/10.1017/9781316691175 |
| work_keys_str_mv | AT lambertiniluca differentialgamesinindustrialeconomics |