Abstract
We illustrate a differential oligopoly game with capital accumulation where the accumulation dynamics of productive capacity is modelled à la Ramsey. The model is solved under the open-loop information structure, to show that it admits an open-loop Nash equilibrium which is indeed a degenerate feedback one and therefore strongly time consistent, even if, by construction, the problem under consideration is not a linear state game.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
