On a ruining model in a competitional market problem

Ilie Mitran and Cătălin Mitran
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Ilie Mitran: University of Petroşani, Romania
Cătălin Mitran: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2003, vol. 3, 153-158

Abstract: The purpose of this paper ist o present a ruining model who can be solved used the equalization principle and some basical results of the Markov’s chains.

Keywords: equalization principle; decision process of first stage; the average duration of the game (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:3:y:2003:p:153-158

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