Please use this identifier to cite or link to this item:
Lambertini, Luca
Cellini, Roberto
Year of Publication: 
Series/Report no.: 
Quaderni - Working Paper DSE 402
We illustrate two di¤erential oligopoly games using, respectively, the capital accumulation dynamics à la Nerlove-Arrow, and the capital accumulation dynamics à la Ramsey. We prove that these games benefit from the property that closed-loop memoryless solutions degenerate into open-loop solutions, since the best reply of a generic firm is independent of the rivals' state variables, which entails that the cross e¤ect from rivals' states to own controls disappears.
Persistent Identifier of the first edition: 
Creative Commons License:
Document Type: 
Working Paper
Social Media Mentions:

Files in This Item:
132.38 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.