Dynamic interaction between markets for leasing and selling automobiles

Article, Preprint OPEN
Andrikopoulos, Athanasios ; Markellos, Raphael. N (2012)
  • Publisher: Elsevier BV
  • Journal: Journal of Banking & Finance, volume 50, pages 260-270 (issn: 0378-4266)
  • Related identifiers: doi: 10.1016/j.jbankfin.2014.01.032
  • Subject: Interacting markets; Automobiles; Differential Games; Leasing; Valuation | Economics and Econometrics | Finance
    • jel: jel:E32 | jel:D43 | jel:L62 | jel:C73

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... View more
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