In this chapter, we develop a dynamic model of an oligopoly playing an advertising game of goodwill accumulation with random terminal time. The goal is to find a cooperative solution that is time-consistent, considering a dynamic accumulation of goodwill with depreciation for a finite number of firms.
Original languageEnglish
Title of host publicationGame Theoretic Analysis
EditorsLeon A. Petrosyan , David Wing Kay Yeung
PublisherWORLD SCIENTIFIC PUBL CO PTE LTD
Chapter17
Pages377-394
Number of pages18
ISBN (Electronic)9789811202025
ISBN (Print)9789811202001
DOIs
StatePublished - Oct 2019

    Research areas

  • Differential games, stability of cooperation, random terminal time, advertising cooperation

ID: 48952988