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portada Differential Games in Industrial Economics
Type
Physical Book
Publisher
Author
Year
2018
Language
English
Pages
272
Format
Hardcover
ISBN13
9781107164680
Categories

Differential Games in Industrial Economics

Luca Lambertini (Author) · Cambridge University Press · Hardcover

Differential Games in Industrial Economics - Luca Lambertini

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Synopsis "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 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.

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