OPTIMAL CONTROL OF INVESTMENTS AROUND COURNOT POINT

OPTIMAL CONTROL OF INVESTMENTS AROUND COURNOT POINT

Hree variants of the dynamic model of a duopoly are considered. Here’s one of the stationary points is the Cournot point. We study the movement around these points and the optimal investment control in a linear approximation. The equations of dynamics of variables for equilibrium, developing and cri...

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Bibliographic Details
Main Author: Y. Aganin
Format: Article
Language:English
Published: Publishing House of the State University of Management 2018-08-01
Series:Вестник университета
Subjects:
duopoly
dynamic model
linear approximation
investment
optimal control
Online Access:https://vestnik.guu.ru/jour/article/view/1121
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Summary:Hree variants of the dynamic model of a duopoly are considered. Here’s one of the stationary points is the Cournot point. We study the movement around these points and the optimal investment control in a linear approximation. The equations of dynamics of variables for equilibrium, developing and crisis markets in a linear approximation are obtained. A quasi-optimal Pareto maximization strategy for the vector prot criterion, using a linear convolution of the criteria along with the linearization of the dierential dynamics equations in the vicinity of the stationary points, is proposed.
ISSN:1816-4277
2686-8415

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