Stable Marketing Cooperation in a Differential Game for an Oligopoly

Mario A. García-Meza, Ekaterina Viktorovna Gromova () and José Daniel López-Barrientos ()
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Mario A. García-Meza: Facultad de Economía, Contaduría y Administración, Universidad Juárez del Estado de Durango, Fanny Anitua y Priv. de la Loza s/n, Durango, Durango 34000, México
Ekaterina Viktorovna Gromova: Faculty of Applied Mathematics and Control Processes, St. Petersburg State University, Universitetskii Prospekt 35, Petergof, Saint Petersburg 198504, Russia
José Daniel López-Barrientos: Facultad de Ciencias Actuariales, Universidad Anáhuac México, Campus Norte, Av. Universidad Anáhuac, 46, Col. Lomas Anáhuac, Huixquilucan, Edo. de México 52786, México

International Game Theory Review (IGTR), 2018, vol. 20, issue 03, 1-18

Abstract: In this paper, 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.

Keywords: Differential games; stability of cooperation; random terminal time; advertising cooperation (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0219198917500281

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