Gains from Trade in a Differential Game Model of Asymmetric Oligopoly
Download or Read eBook Gains from Trade in a Differential Game Model of Asymmetric Oligopoly PDF written by Kenji Fujiwara and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle.
| Author | : Kenji Fujiwara |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2009 |
| ISBN-10 | : OCLC:1376445777 |
| ISBN-13 | : |
| Rating | : 4/5 (77 Downloads) |
Book Synopsis Gains from Trade in a Differential Game Model of Asymmetric Oligopoly by : Kenji Fujiwara
Book excerpt: This paper revisits a classical topic of trade gains in a differential game model of oligopoly in which Home and Foreign firms differ in the number and cost. After deriving the feedback Nash equilibrium, we provide examples to consider how the difference in the number of firms or costs affects gainfulness of trade. We prove that feedback strategies can result in implications for trade gains which are sharply different from the open-loop case.
