Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/6509
Title: A differential game model of a market of substitutable products
Authors: Prof. YEUNG Wing Kay, David 
Issue Date: 1996
Source: European Journal of Operational Research, May 1996, vol. 90(3), pp. 599-608.
Journal: European Journal of Operational Research 
Abstract: Modern industrial organization often classifies groups of differentiated products that are fairly good substitutes to belong to the same market. This paper develops a differential game model of a market of substitutable products. To avoid the problem of time-inconsistency, we solve a feedback Nash equilibrium solution for the game. A set of state-dependent equilibrium strategies is derived. Extensions of the model to a stochastic formulation and to an infinite time horizon specification are also provided.
Type: Peer Reviewed Journal Article
URI: http://hdl.handle.net/20.500.11861/6509
ISSN: 0377-2217
DOI: 10.1016/0377-2217(95)00083-6
Appears in Collections:Economics and Finance - Publication

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