Research output: Contribution to journal › Article › peer-review
On the Solution of a Differential Game of Managing the Investments in an Advertising Campaign. / Gromova, E. V. ; Gromov, D. V. ; Lakhina, Yu. E. .
In: Proceedings of the Steklov Institute of Mathematics, Vol. 305, No. Suppl 1, 07.2019, p. S75-S85.Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - On the Solution of a Differential Game of Managing the Investments in an Advertising Campaign
AU - Gromova, E. V.
AU - Gromov, D. V.
AU - Lakhina, Yu. E.
N1 - Gromova, E.V., Gromov, D.V. & Lakhina, Y.E. Proc. Steklov Inst. Math. (2019) 305(Suppl 1): S75. https://doi.org/10.1134/S0081543819040096
PY - 2019/7
Y1 - 2019/7
N2 - We consider a differential game of managing the investments in an advertising campaign for the case of n symmetric players. The problem is solved in the class of positional strategies both for the cooperative statement, where the players agree on using controls that maximize the total payoff before the game starts, and for the noncooperative statement, in which the Nash equilibrium is used as a solution. It is shown that the solution of the problem is not unique in both cases. One candidate function is found by means of a detailed analysis. Then the solution is chosen with the use of an economic criterion described by Bass et al. in 2005. The solutions chosen earlier are in complete agreement with the choice with respect to the economic criterion.
AB - We consider a differential game of managing the investments in an advertising campaign for the case of n symmetric players. The problem is solved in the class of positional strategies both for the cooperative statement, where the players agree on using controls that maximize the total payoff before the game starts, and for the noncooperative statement, in which the Nash equilibrium is used as a solution. It is shown that the solution of the problem is not unique in both cases. One candidate function is found by means of a detailed analysis. Then the solution is chosen with the use of an economic criterion described by Bass et al. in 2005. The solutions chosen earlier are in complete agreement with the choice with respect to the economic criterion.
KW - advertising model
KW - Nash equilibrium
KW - nonzero-sum differential games
UR - http://www.scopus.com/inward/record.url?scp=85073509169&partnerID=8YFLogxK
U2 - 10.1134/S0081543819040096
DO - 10.1134/S0081543819040096
M3 - статья
AN - SCOPUS:85073509169
VL - 305
SP - S75-S85
JO - Proceedings of the Steklov Institute of Mathematics
JF - Proceedings of the Steklov Institute of Mathematics
SN - 0081-5438
IS - Suppl 1
ER -
ID: 47659237