Analytic solutions for Hamilton-Jacobi-Bellman equations
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 pr...
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| Format: | Article |
| Language: | English |
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Texas State University
2017-01-01
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| Series: | Electronic Journal of Differential Equations |
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| Online Access: | http://ejde.math.txstate.edu/Volumes/2017/08/abstr.html |
| Summary: | 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. |
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| ISSN: | 1072-6691 |