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Numerical example: New product introduction
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Classroom Contents
Regime Switching in Dynamic Games with Hyperbolic Discounting
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- 1 Intro
- 2 Motivation
- 3 Outline of the presentation
- 4 Previous works endogenous regime shifts with standard discounting
- 5 Previous works: endogenous regime shifts with time-inconsistent temporal preferences
- 6 A reminder: time consistent strategies with non-constant discounting
- 7 Heterogeneous discounting
- 8 Dynamic programming equation (DPE) in continuous time
- 9 Cooperative solutions in a two-player differential game
- 10 The switching point: a non totally rational proposal
- 11 Numerical example: A resource extraction model with technology adoption
- 12 Numerical example: New product introduction
- 13 Previous works: Endogenous regime swifts. Several decision makers. Standard discounting
