Cournot model with investments to change the market size

• Tipo: Artigo em Livro de Atas de Conferência Internacional
• Data: 2007

Autores

A. A. Pinto (Autor) FCUP; F. A. Ferreira (Autor) Outra; M. Ferreira (Autor) Outra; B. M. P. M. Oliveira (Autor) Outra

Ata de Conferência Internacional

Título: Proceedings in Applied Mathemetics and Mechanics (PAMM)

Páginas: 1041303-1041304

Conference in Applied Mathemetics and Mechanics

Weinheim, Germany

Classificação Científica

FOS: Ciências exactas e naturais > Matemática

Outras Informações

Resumo (PT): 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.

Abstract (EN): 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.

Idioma: Inglês

Tipo (Avaliação Docente): Científica