On computation of optimal strategies in oligopolistic markets respecting the cost of change
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12310%2F20%3A43902320" target="_blank" >RIV/60076658:12310/20:43902320 - isvavai.cz</a>
Alternative codes found
RIV/67985556:_____/20:00531319
Result on the web
<a href="https://link.springer.com/article/10.1007/s00186-020-00721-x" target="_blank" >https://link.springer.com/article/10.1007/s00186-020-00721-x</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s00186-020-00721-x" target="_blank" >10.1007/s00186-020-00721-x</a>
Alternative languages
Result language
angličtina
Original language name
On computation of optimal strategies in oligopolistic markets respecting the cost of change
Original language description
The paper deals with a class of parameterized equilibrium problems, where the objectives of the players do possess nonsmooth terms. The respective Nash equilibria can be characterized via a parameter-dependent variational inequality of the second kind, whose Lipschitzian stability, under appropriate conditions, is established. This theory is then applied to evolution of an oligopolistic market in which the firms adapt their production strategies to changing input costs, while each change of the production is associated with some "costs of change". We examine both the Cournot-Nash equilibria as well as the two-level case, when one firm decides to take over the role of the Leader (Stackelberg equilibrium). The impact of costs of change is illustrated by academic examples.
Czech name
—
Czech description
—
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
10102 - Applied mathematics
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Mathematical methods of operations research
ISSN
1432-2994
e-ISSN
—
Volume of the periodical
92
Issue of the periodical within the volume
3
Country of publishing house
DE - GERMANY
Number of pages
21
Pages from-to
489-509
UT code for WoS article
000551004500001
EID of the result in the Scopus database
2-s2.0-85088297119