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