Abstract
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 language | English |
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Title of host publication | Game Theoretic Analysis |
Publisher | World Scientific Publishing Co. Pte Ltd |
Pages | 377-394 |
Number of pages | 18 |
ISBN (Electronic) | 9789811202018 |
ISBN (Print) | 9789811202001 |
State | Published - 14 Oct 2019 |
Keywords
- Advertising cooperation
- Differential games
- Random terminal time
- Stability of cooperation