Differential games in industrial economics
By: Lambertini, Luca
Material type: BookPublisher: New York : Cambridge University Press, c2018.Description: xvi, 258 p. : ill. ; 25 cm.ISBN: 9781316616499Subject(s): Industrial organization (Economic theory) | Industrial management | BUSINESS & ECONOMICS / Industrial ManagementDDC classification: 330.0151932 LA DI Online resources: Location MapItem type | Home library | Call number | Status | Notes | Date due | Barcode | Item holds |
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REGULAR | University of Wollongong in Dubai Main Collection | 330.0151932 LA DI (Browse shelf) | Available | June2018 | T0059983 |
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330.015193 HA GA Games, strategies, and decision making | 330.015193 MA MO Modeling strategic behavior : | 330.015193 MO RA Moral sentiments and material interests : | 330.0151932 LA DI Differential games in industrial economics | 330.015195 AN ME Methods for estimation and inference in modern econometrics / | 330.015195 AN MO Mostly harmless econometrics : | 330.015195 AS AP Applied econometrics : |
Includes bibliographical references and index.
Machine generated contents note: 1. Elements of optimal control, dynamic programming and differential game theory; 2. Monopoly; 3. Oligopoly; 4. Advertising; 5. Product differentiation; 6. Innovation; 7. The environment and natural resources; 8. International trade; 9. Stackelberg games; Index.
"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"--