Dynamic Effects Arise Due to Consumers’ Preferences Depending on Past Choices
We analyzed a dynamic duopoly game where players adopt specific preferences. These preferences are derived from Cobb−Douglas utility function with the assumption that they depend on past choices. For this paper, we investigated two possible cases for the suggested game. The first case cons...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-02-01
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| Series: | Entropy |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1099-4300/22/2/173 |