A GAME IN ECONOMICS.

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Abstract:

The problem of profit maximization for two firms manufacturing the same commodity is cast as a differential game. The qualitative aspects of the equilibrium point solution of the game are then discussed with the aid of some results on ordinary differential equations.

Author(s):
Case, James H.
Author Organization(s):
PRINCETON UNIV N J ECONOMETRIC RESEARCH PROGRAM
Descriptive Note:
Summary rept.,
Pagination:
0041

Security Markings

DOCUMENT & CONTEXTUAL SUMMARY

Distribution:
Approved For Public Release

RECORD

Collection: TR
Identifying Numbers
Report Number(s):
RM-111
Contract/Grant Number(s):
N00014-67-A-0151-0007
Project Number(s):
NR-047-086
 Subject Terms
Communities of Interest:
No COI(s) Identified
Descriptor(s):
(*ECONOMICS, GAME THEORY), MATHEMATICAL MODELS, OPTIMIZATION, COSTS, STOCHASTIC PROCESSES, COAL
Field(s)/Group(s):
Economics and Cost Analysis, Operations Research
Keyword(s):
ORDINARY DIFFERENTIAL EQUATIONS, *TWO PERSON GAMES, *GAME THEORY, ECONOMETRICS
Report Date:
1970 Feb 01