Dynamic Oligopoly with Sticky Prices -- Off-Steady State Analysis

Speaker(s)

Agnieszka Wiszniewska-Matyszkiel i Marek Bodnar

Affiliation

Uniwersytet Warszawski

Date

April 8, 2015, 2:15 p.m.

Room

room 4050

Seminar

Seminar of Biomathematics and Game Theory Group

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We present a comprehensive analysis of the model of oligopoly with sticky prices with full analysis of prices' behaviour outside its steady state level in the infinite horizon case. An exhaustive proof of optimality is given in both open loop and closed loop cases.

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