Please use this identifier to cite or link to this item:
https://hdl.handle.net/10216/91392
Author(s): | A. A. Pinto F. A. Ferreira M. Ferreira B. M. P. M. Oliveira |
Title: | Cournot model with investments to change the market size |
Issue Date: | 2007 |
Abstract: | We present a new deterministic dynamical model on the market size of Cournot competitions, based on Nash equilibria of R&D investment strategies to increase the size of the market of the firms at every period of the game. We compute the unique Nash equilibrium for the second subgame and the profit functions for both firms. Adding uncertainty to the R&D investment strategies, we get a new stochastic dynamical model and we analyse the importance of the uncertainty to reverse the initial advantage of one firm with respect to the other. |
Description: | We present a new deterministic dynamical model on the market size of Cournot competitions, based on Nash equilibria of R&D investment strategies to increase the size of the market of the firms at every period of the game. We compute the unique Nash equilibrium for the second subgame and the profit functions for both firms. Adding uncertainty to the R&D investment strategies, we get a new stochastic dynamical model and we analyse the importance of the uncertainty to reverse the initial advantage of one firm with respect to the other. |
Subject: | Matemática Mathematics |
Scientific areas: | Ciências exactas e naturais::Matemática Natural sciences::Mathematics |
URI: | https://hdl.handle.net/10216/91392 |
Source: | Proceedings in Applied Mathemetics and Mechanics (PAMM) |
Document Type: | Artigo em Livro de Atas de Conferência Internacional |
Rights: | restrictedAccess |
Appears in Collections: | FCUP - Artigo em Livro de Atas de Conferência Internacional |
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48834.pdf Restricted Access | 83.39 kB | Adobe PDF | Request a copy from the Author(s) |
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