Dynamic interaction between markets for leasing and selling automobiles
Markellos, Raphael. N
- Publisher: Elsevier BV
Journal of Banking & Finance,
Interacting markets; Automobiles; Differential Games; Leasing; Valuation | Economics and Econometrics | Finance
We develop a model of dynamic interactions between price variations in leasing and selling markets for automobiles. Our framework assumes a differential game between multiple Bertrand-type competing firms which offer differentiated products to forward-looking agents. Em...