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Analytic solutions for Hamilton-Jacobi-Bellman equations
oleh: Arsen Palestini
| Format: | Article |
|---|---|
| Diterbitkan: | Texas State University 2017-01-01 |
Deskripsi
Closed form solutions are found for a particular class of Hamilton-Jacobi-Bellman equations emerging from a differential game among firms competing over quantities in a simultaneous oligopoly framework. After the derivation of the solutions, a microeconomic example in a non-standard market is presented where feedback equilibrium is calculated with the help of one of the previous formulas.