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£95.66

Cambridge University Press Differential Games in Industrial Economics

Name: Differential Games in Industrial Economics
Brand: Cambridge University Press
Price: 95.66 GBP
Availability: InStock

Econometrics

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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 1107164680
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 26 April 2018
Listed Since: 06 September 2017

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Cambridge University Press Differential Games in Industrial Economics

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