Dynamic Models of Competition with Endogenous Network Formation

被引:0
|
作者
Kochevadov, V. A. [1 ]
Sedakov, A. A. [1 ]
机构
[1] St Petersburg State Univ, St Petersburg, Russia
基金
俄罗斯科学基金会;
关键词
competition; investment; endogenous network; network game; Nash equilibrium;
D O I
10.1134/S1064562423600756
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
The paper examines dynamic network models of competition with endogenous network formation. While competing, member firms can communicate with each other through bilateral links, which in turn allow each firm to increase its profit. Link formation involves mutual agreement, but requires additional costs. The competitive performance of firms is driven by the dynamics of their technological state. Open-loop Nash equilibria are found that determine the multicomponent behavior of firms: production, investment, and network behavior.
引用
收藏
页码:S56 / S65
页数:10
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