Differential Games in Industrial Economics

Differential Games in Industrial Economics

Author: Luca Lambertini

Publisher: Cambridge University Press

Published: 2018-04-26

Total Pages: 275

ISBN-13: 1316732630

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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.


Book Synopsis Differential Games in Industrial Economics by : Luca Lambertini

Download or read book Differential Games in Industrial Economics written by Luca Lambertini and published by Cambridge University Press. This book was released on 2018-04-26 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Differential Games in Industrial Economics

Differential Games in Industrial Economics

Author: Luca Lambertini

Publisher:

Published: 2018-04-26

Total Pages: 275

ISBN-13: 1107164680

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A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.


Book Synopsis Differential Games in Industrial Economics by : Luca Lambertini

Download or read book Differential Games in Industrial Economics written by Luca Lambertini and published by . This book was released on 2018-04-26 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.


Differential Games in Economics and Management Science

Differential Games in Economics and Management Science

Author: Engelbert Dockner

Publisher: Cambridge University Press

Published: 2000-11-16

Total Pages: 398

ISBN-13: 9780521637329

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A comprehensive, self-contained survey of the theory and applications of differential games, one of the most commonly used tools for modelling and analysing economics and management problems which are characterised by both multiperiod and strategic decision making. Although no prior knowledge of game theory is required, a basic knowledge of linear algebra, ordinary differential equations, mathematical programming and probability theory is necessary. Part One presents the theory of differential games, starting with the basic concepts of game theory and going on to cover control theoretic models, Markovian equilibria with simultaneous play, differential games with hierarchical play, trigger strategy equilibria, differential games with special structures, and stochastic differential games. Part Two offers applications to capital accumulation games, industrial organization and oligopoly games, marketing, resources and environmental economics.


Book Synopsis Differential Games in Economics and Management Science by : Engelbert Dockner

Download or read book Differential Games in Economics and Management Science written by Engelbert Dockner and published by Cambridge University Press. This book was released on 2000-11-16 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, self-contained survey of the theory and applications of differential games, one of the most commonly used tools for modelling and analysing economics and management problems which are characterised by both multiperiod and strategic decision making. Although no prior knowledge of game theory is required, a basic knowledge of linear algebra, ordinary differential equations, mathematical programming and probability theory is necessary. Part One presents the theory of differential games, starting with the basic concepts of game theory and going on to cover control theoretic models, Markovian equilibria with simultaneous play, differential games with hierarchical play, trigger strategy equilibria, differential games with special structures, and stochastic differential games. Part Two offers applications to capital accumulation games, industrial organization and oligopoly games, marketing, resources and environmental economics.


Handbook of Dynamic Game Theory

Handbook of Dynamic Game Theory

Author: Tamer Basar

Publisher:

Published: 19??

Total Pages:

ISBN-13: 9783319273358

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Résumé : "This will be a two-part handbook on Dynamic Game Theory and part of the Springer Reference program. Part I will be on the fundamentals and theory of dynamic games. It will serve as a quick reference and a source of detailed exposure to topics in dynamic games for a broad community of researchers, educators, practitioners, and students. Each topic will be covered in 2-3 chapters with one introducing basic theory and the other one or two covering recent advances and/or special topics. Part II will be on applications in fields such as economics, management science, engineering, biology, and the social sciences."


Book Synopsis Handbook of Dynamic Game Theory by : Tamer Basar

Download or read book Handbook of Dynamic Game Theory written by Tamer Basar and published by . This book was released on 19?? with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Résumé : "This will be a two-part handbook on Dynamic Game Theory and part of the Springer Reference program. Part I will be on the fundamentals and theory of dynamic games. It will serve as a quick reference and a source of detailed exposure to topics in dynamic games for a broad community of researchers, educators, practitioners, and students. Each topic will be covered in 2-3 chapters with one introducing basic theory and the other one or two covering recent advances and/or special topics. Part II will be on applications in fields such as economics, management science, engineering, biology, and the social sciences."


Differential Games

Differential Games

Author: Avner Friedman

Publisher: Courier Corporation

Published: 2013-06-06

Total Pages: 372

ISBN-13: 0486153274

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Graduate-level text surveys games of fixed duration, games of pursuit and evasion, the computation of saddle points, games of survival, games with restricted phase coordinates, and N-person games. 1971 edition.


Book Synopsis Differential Games by : Avner Friedman

Download or read book Differential Games written by Avner Friedman and published by Courier Corporation. This book was released on 2013-06-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: Graduate-level text surveys games of fixed duration, games of pursuit and evasion, the computation of saddle points, games of survival, games with restricted phase coordinates, and N-person games. 1971 edition.


Game Theory and Economic Analysis

Game Theory and Economic Analysis

Author: Christian Schmidt

Publisher: Routledge

Published: 2002-06-20

Total Pages: 202

ISBN-13: 1134511183

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This book presents the huge variety of current contributions of game theory to economics. The reader is taken through a concise history of game theory and exposed to original pieces of work that are significant to game theory as a whole.


Book Synopsis Game Theory and Economic Analysis by : Christian Schmidt

Download or read book Game Theory and Economic Analysis written by Christian Schmidt and published by Routledge. This book was released on 2002-06-20 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the huge variety of current contributions of game theory to economics. The reader is taken through a concise history of game theory and exposed to original pieces of work that are significant to game theory as a whole.


A Survey of Dynamic Games in Economics

A Survey of Dynamic Games in Economics

Author:

Publisher:

Published:

Total Pages:

ISBN-13: 981446595X

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Book Synopsis A Survey of Dynamic Games in Economics by :

Download or read book A Survey of Dynamic Games in Economics written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


Stochastic Differential Games. Theory and Applications

Stochastic Differential Games. Theory and Applications

Author: Kandethody M. Ramachandran

Publisher: Springer Science & Business Media

Published: 2012-01-05

Total Pages: 253

ISBN-13: 9491216473

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The subject theory is important in finance, economics, investment strategies, health sciences, environment, industrial engineering, etc.


Book Synopsis Stochastic Differential Games. Theory and Applications by : Kandethody M. Ramachandran

Download or read book Stochastic Differential Games. Theory and Applications written by Kandethody M. Ramachandran and published by Springer Science & Business Media. This book was released on 2012-01-05 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject theory is important in finance, economics, investment strategies, health sciences, environment, industrial engineering, etc.


LQ Dynamic Optimization and Differential Games

LQ Dynamic Optimization and Differential Games

Author: Jacob Engwerda

Publisher: John Wiley & Sons

Published: 2005-06-17

Total Pages: 514

ISBN-13: 9780470015247

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Game theory is the theory of social situations, and the majority of research into the topic focuses on how groups of people interact by developing formulas and algorithms to identify optimal strategies and to predict the outcome of interactions. Only fifty years old, it has already revolutionized economics and finance, and is spreading rapidly to a wide variety of fields. LQ Dynamic Optimization and Differential Games is an assessment of the state of the art in its field and the first modern book on linear-quadratic game theory, one of the most commonly used tools for modelling and analysing strategic decision making problems in economics and management. Linear quadratic dynamic models have a long tradition in economics, operations research and control engineering; and the author begins by describing the one-decision maker LQ dynamic optimization problem before introducing LQ differential games. Covers cooperative and non-cooperative scenarios, and treats the standard information structures (open-loop and feedback). Includes real-life economic examples to illustrate theoretical concepts and results. Presents problem formulations and sound mathematical problem analysis. Includes exercises and solutions, enabling use for self-study or as a course text. Supported by a website featuring solutions to exercises, further examples and computer code for numerical examples. LQ Dynamic Optimization and Differential Games offers a comprehensive introduction to the theory and practice of this extensively used class of economic models, and will appeal to applied mathematicians and econometricians as well as researchers and senior undergraduate/graduate students in economics, mathematics, engineering and management science.


Book Synopsis LQ Dynamic Optimization and Differential Games by : Jacob Engwerda

Download or read book LQ Dynamic Optimization and Differential Games written by Jacob Engwerda and published by John Wiley & Sons. This book was released on 2005-06-17 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory is the theory of social situations, and the majority of research into the topic focuses on how groups of people interact by developing formulas and algorithms to identify optimal strategies and to predict the outcome of interactions. Only fifty years old, it has already revolutionized economics and finance, and is spreading rapidly to a wide variety of fields. LQ Dynamic Optimization and Differential Games is an assessment of the state of the art in its field and the first modern book on linear-quadratic game theory, one of the most commonly used tools for modelling and analysing strategic decision making problems in economics and management. Linear quadratic dynamic models have a long tradition in economics, operations research and control engineering; and the author begins by describing the one-decision maker LQ dynamic optimization problem before introducing LQ differential games. Covers cooperative and non-cooperative scenarios, and treats the standard information structures (open-loop and feedback). Includes real-life economic examples to illustrate theoretical concepts and results. Presents problem formulations and sound mathematical problem analysis. Includes exercises and solutions, enabling use for self-study or as a course text. Supported by a website featuring solutions to exercises, further examples and computer code for numerical examples. LQ Dynamic Optimization and Differential Games offers a comprehensive introduction to the theory and practice of this extensively used class of economic models, and will appeal to applied mathematicians and econometricians as well as researchers and senior undergraduate/graduate students in economics, mathematics, engineering and management science.


Dynamic Optimization and Differential Games

Dynamic Optimization and Differential Games

Author: Terry L. Friesz

Publisher: Springer Science & Business Media

Published: 2010-08-20

Total Pages: 509

ISBN-13: 0387727787

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This book has been written to address the increasing number of Operations Research and Management Science problems (that is, applications) that involve the explicit consideration of time and of gaming among multiple agents. It is a book that will be used both as a textbook and as a reference and guide by those whose work involves the theoretical aspects of dynamic optimization and differential games.


Book Synopsis Dynamic Optimization and Differential Games by : Terry L. Friesz

Download or read book Dynamic Optimization and Differential Games written by Terry L. Friesz and published by Springer Science & Business Media. This book was released on 2010-08-20 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has been written to address the increasing number of Operations Research and Management Science problems (that is, applications) that involve the explicit consideration of time and of gaming among multiple agents. It is a book that will be used both as a textbook and as a reference and guide by those whose work involves the theoretical aspects of dynamic optimization and differential games.