Dynamic oligopoly with sticky prices: Closed-loop, feedback, and open-loop solutions

被引：53

作者：

Cellini, R

Lambertini, L

机构：

[1] Univ Catania, Dipartimento Econ & Metodi Quantitat, I-95129 Catania, Italy

[2] Univ Bologna, Dipartimento Sci Econ, I-40125 Bologna, Italy

来源：

JOURNAL OF DYNAMICAL AND CONTROL SYSTEMS | 2004年 / 10卷 / 03期

关键词：

pricing; differential games; loop decision rules; subgame perfection;

D O I：

10.1023/B:JODS.0000034432.46970.64

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

We investigate a dynamic oligopoly game with price adjustments. We show that the subgame perfect equilibria are characterized by larger output and lower price levels than the open-loop solution. The individual (and industry) output at the closed-loop equilibrium is larger than its counterpart at the feedback equilibrium. Therefore, firms prefer the open-loop equilibrium to the feedback equilibrium, and the latter to the closed-loop equilibrium. The opposite applies to consumers.

引用

页码：303 / 314

页数：12

共 50 条

[1] Dynamic Oligopoly with Sticky Prices: Closed-Loop, Feedback, and Open-Loop Solutions
R. Cellini
L. Lambertini
[J]. Journal of Dynamical and Control Systems, 2004, 10 : 303 - 314
[2] A dynamic differential oligopoly game with sticky price and advertising Open-loop and closed-loop solutions
Raoufinia, Marjan
Baradaran, Vahid
Shahrjerdi, Reza
[J]. KYBERNETES, 2019, 48 (03) : 586 - 611
[3] Open-loop and closed-loop models of dynamic oligopoly in the cruise line industry
Wie, BW
[J]. ASIA-PACIFIC JOURNAL OF OPERATIONAL RESEARCH, 2004, 21 (04) : 517 - 541
[4] OPEN-LOOP AND FEEDBACK MODELS OF DYNAMIC OLIGOPOLY
KARP, LS
PERLOFF, JM
[J]. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 1993, 11 (03) : 369 - 389
[5] Open-loop and Closed-loop Differential Duopolistic Models of Optimal Sticky Prices and Advertising in Product Differentiation Market
Wu Xiao-jie
Liao Nuo
Hou Rui
Wang Xiu-qiong
[J]. ICIM: 2009 INTERNATIONAL CONFERENCE ON INNOVATION MANAGEMENT, PROCEEDINGS, 2009, : 99 - +
[6] ON THE COMPARISON OF THE DYNAMIC PERFORMANCE OF OPEN-LOOP AND CLOSED-LOOP MECHANISMS
Rastegar, Jahangir
Feng, Dake
[J]. PROCEEDINGS OF THE ASME INTERNATIONAL DESIGN ENGINEERING TECHNICAL CONFERENCES AND COMPUTERS AND INFORMATION IN ENGINEERING CONFERENCE, 2014, VOL 5B, 2014,
[7] OPEN-LOOP AND CLOSED-LOOP NASH STRATEGIES
SANDELL, NR
[J]. IEEE TRANSACTIONS ON AUTOMATIC CONTROL, 1974, AC19 (04) : 435 - 436
[8] Open-loop, closed-loop heating methods
Sanders, Jason
Wegner, Connor
[J]. InTech, 2020, 67 (7-8):
[9] Closed-loop and open-loop hand movements under rotated visual feedback
Huber, J. W.
Hellmann, A.
[J]. PERCEPTION, 2007, 36 : 222 - 222
[10] Open-loop and closed-loop control of flying qubits
Lucamarini, M.
Di Giuseppe, G.
Vitali, D.
Tombesi, P.
[J]. JOURNAL OF PHYSICS B-ATOMIC MOLECULAR AND OPTICAL PHYSICS, 2011, 44 (15)

← 1 2 3 4 5 →