Long-term competition in a dynamic game
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Long-term competition in a dynamic game the cold fish war by Jonathan A. K. Cave

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Published by Rand in Santa Monica, CA .
Written in English

Subjects:

  • Game theory.,
  • Games of strategy (Mathematics)

Book details:

Edition Notes

Other titlesCold fish war
StatementJonathan Cave.
SeriesRand paper series -- P-7203
The Physical Object
Pagination28 p. ;
Number of Pages28
ID Numbers
Open LibraryOL16542286M

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LONG-TERM COMPETITION average form:2 lim m→∞ 1 m ∑m t=1 ht: (1) Here hj is the payoff for G in the j’th round of G∗.Many authors call G∗ the supergame of G. An alternative form of the payoff for G∗ involves discounting of future payoffs at a positive discount rate.   BBBY is trading above book value again, whereas in April it had traded near 30% of its book value. Bonds have recovered since April, but the and maturities are . articles and books deploying the tools of game theory. We feel that there is a need to introduce today’s students to today’s literature. So we kept several goals in mind while writing this book. First, we wanted to write a textbook on political game theory instead of a book on abstract or economic game theory. We wanted to focus on appli-. Downloadable (with restrictions)! Based on a Hotelling-type model, this paper analyzes a differential game where two firms engage in quality-enhancing research and development (R&D). The analysis is formulated in terms of open-loop and feedback solutions. We find that the open-loop stationary levels of R&D and quality are socially efficient.