A Dynamic Multi-Objective Duopoly Game with Capital Accumulation and Pollution

This paper studies a discrete-time dynamic duopoly game with homogenous goods. Both firms have to decide on investment where investment increases production capacity so that they are able to put a larger quantity on the market. The downside, however, is that a larger quantity raises pollution. The f...

Full description

Bibliographic Details
Main Authors: Bertrand Crettez, Naila Hayek, Peter M. Kort
Format: Article
Language:English
Published: MDPI AG 2021-08-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/9/16/1983