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Differential Games in Industrial Economics - by Luca Lambertini (Paperback)

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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"--
Number of Pages: Xvi, 258 pages ;
Genre: Business + Money Management
Format: Paperback
Publisher: Cambridge Univ Pr
Author: Luca Lambertini
Language: English
Street Date: April 26, 2018
TCIN: 53590832
UPC: 9781316616499
Item Number (DPCI): 248-08-3521
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