Differential Games in Industrial Economics
- 272 pages
- 10 hours of reading
A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.
A comprehensive and self-contained exposition of the applications of optimal control and differential game theory to industrial organisation and trade.
The book explores the critical relationship between industrial production, resource consumption, and environmental impact, highlighting the shift from profit-driven practices to a focus on sustainability. It discusses the emerging consensus on regulating corporate behavior to protect natural resources and ensure long-term economic viability. By utilizing modern oligopoly theory as a framework, it provides a comprehensive analysis of current economic discussions surrounding these pressing issues.
Focusing on strategic delegation in oligopoly games, this book reinterprets traditional economic results by emphasizing that firm control often lies outside the hands of owners. It presents theoretical models backed by numerous real-world examples, enhancing the understanding of strategic interactions and decision-making in competitive markets. Through its analysis, the book sheds light on the complexities of agency relationships in oligopolistic settings, making it a valuable resource for scholars and practitioners alike.