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

Prelegent(ci)
Agnieszka Wiszniewska-Matyszkiel i Marek Bodnar
Afiliacja
Uniwersytet Warszawski
Termin
8 kwietnia 2015 14:15
Pokój
p. 4050
Seminarium
Seminarium Zakładu Biomatematyki i Teorii Gier

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.