Publication
Cournot model with investments to change the market size
| dc.contributor.author | Pinto, Alberto A. | |
| dc.contributor.author | Ferreira, Fernanda A. | |
| dc.contributor.author | Ferreira, Miguel | |
| dc.contributor.author | Oliveira, Bruno M. P. M. | |
| dc.date.accessioned | 2016-01-11T10:36:17Z | |
| dc.date.available | 2016-01-11T10:36:17Z | |
| dc.date.issued | 2007 | |
| dc.description.abstract | We present a new deterministic dynamical model on the market size of Cournot competitions, based on Nash equilibria of R&D investment strategies to increase the size of the market of the firms at every period of the game. We compute the unique Nash equilibrium for the second subgame and the profit functions for both firms. Adding uncertainty to the R&D investment strategies, we get a new stochastic dynamical model and we analyse the importance of the uncertainty to reverse the initial advantage of one firm with respect to the other. | pt_PT |
| dc.description.sponsorship | We thank the Programs POCTI and POCI by FCT and Ministério da Ciência, Tecnologia e do Ensino Superior, and Centro de Matemática da Universidade do Porto for their financial support. Fernanda Ferreira gratefully acknowledges financial support from ESEIG/IPP and from PRODEP III by FSE and EU. Alberto Pinto also acknowledges financial support from Centro de Matemática da Universidade do Minho. | |
| dc.identifier.doi | 10.1002/pamm.200700634 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10400.22/7350 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Wiley | pt_PT |
| dc.relation.publisherversion | http://onlinelibrary.wiley.com/doi/10.1002/pamm.200700634/abstract | pt_PT |
| dc.title | Cournot model with investments to change the market size | pt_PT |
| dc.type | conference object | |
| dspace.entity.type | Publication | |
| oaire.citation.conferencePlace | Zürich, Switzerland | pt_PT |
| oaire.citation.endPage | 1041304 | pt_PT |
| oaire.citation.issue | 1 | pt_PT |
| oaire.citation.startPage | 1041303 | pt_PT |
| oaire.citation.title | PAMM : Proceedings in Applied Mathematics and Mechanics : Special Issue International Congress on Industrial Applied Mathematics and GAMM Annual Meeting, 6th | pt_PT |
| oaire.citation.volume | 7 | pt_PT |
| person.familyName | Ferreira | |
| person.givenName | Fernanda A. | |
| person.identifier | R-000-4TV | |
| person.identifier.ciencia-id | D116-9419-5778 | |
| person.identifier.orcid | 0000-0002-1335-7821 | |
| person.identifier.rid | N-4563-2013 | |
| person.identifier.scopus-author-id | 24723992800 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | conferenceObject | pt_PT |
| relation.isAuthorOfPublication | aaa18584-508e-46b1-9b50-4e174c0e142c | |
| relation.isAuthorOfPublication.latestForDiscovery | aaa18584-508e-46b1-9b50-4e174c0e142c |