Academy of Mathematics and Systems Science, CAS
Colloquia & Seminars

Speaker:	王磊,青岛大学
Inviter:
Title:	The Core in an N-firm Dynamic Cournot Oligopoly
Language:	Chinese
Time & Venue:	2023.05.18 19:30-21:30 腾讯会议：377-192-006
Abstract:	In this paper the cooperative dynamic Cournot oligopoly game is presented. The model is formulated as an n-player transferable utility differential game in coalitional form with linear demand and quadratic cost functions. The characteristic functions based on α-, β-, γ-beliefs and optimal open-loop strategies for coalitional players are computed. Comparisons among three kinds of characteristic functions are discussed and the non-emptiness of cores are characterized. It is interesting that the relationships of the characteristic function values and the corresponding cores are different between the static and dynamic games and they are closely related to the dynamic structure of the game under consideration. This work provides the cooperation foundation for the dynamic Cournot oligopoly in the framework of differential game.