期刊名称：GREQAM Documents de Travail / Groupement de Recherche en Economie Quantitative d'Aix-Marseille
出版年度：1998
摘要：The preemptive role of capital is analysed in a class of two-player symmetric capital accumulation differential games with reversible investment. It is proved that, in the medium run, the firm with the better initial condition exploits its advantage when the game features feedback substitutability. Indeed the feedback as well as the open loop Nash equilibria yield an overshooting with respect to the long run steady state for the capital stock of the advantaged firm.
