Research output: Contribution to journal › Article › peer-review
Dynamic Models of Competition with Endogenous Network Formation. / Кочевадов, Виталий Алексеевич; Седаков, Артем Александрович.
In: Doklady Mathematics, Vol. 108, No. Suppl 1, 04.03.2024, p. S56–S65.Research output: Contribution to journal › Article › peer-review
}
TY - JOUR
T1 - Dynamic Models of Competition with Endogenous Network Formation
AU - Кочевадов, Виталий Алексеевич
AU - Седаков, Артем Александрович
PY - 2024/3/4
Y1 - 2024/3/4
N2 - Abstract: The paper examines dynamic network models of competition with endogenous network formation. While competing, member firms can communicate with each other through bilateral links, which in turn allow each firm to increase its profit. Link formation involves mutual agreement, but requires additional costs. The competitive performance of firms is driven by the dynamics of their technological state. Open-loop Nash equilibria are found that determine the multicomponent behavior of firms: production, investment, and network behavior.
AB - Abstract: The paper examines dynamic network models of competition with endogenous network formation. While competing, member firms can communicate with each other through bilateral links, which in turn allow each firm to increase its profit. Link formation involves mutual agreement, but requires additional costs. The competitive performance of firms is driven by the dynamics of their technological state. Open-loop Nash equilibria are found that determine the multicomponent behavior of firms: production, investment, and network behavior.
KW - Nash equilibrium
KW - competition
KW - endogenous network
KW - investment
KW - network game
UR - https://www.mendeley.com/catalogue/e59fd943-a4ea-35bf-840b-754beb175152/
U2 - 10.1134/s1064562423600756
DO - 10.1134/s1064562423600756
M3 - Article
VL - 108
SP - S56–S65
JO - Doklady Mathematics
JF - Doklady Mathematics
SN - 1064-5624
IS - Suppl 1
ER -
ID: 117416188