Dynamic Equilibrium of a Market and Corporate Strategies - A Game Theoretic Approach

22 Pages Posted: 11 May 2009

See all articles by Krzysztof Waśniewski

Krzysztof Waśniewski

Andrzej Frycz Modrzewski Krakow University

Date Written: May 11, 2009

Abstract

The present paper introduces a model of dynamic equilibrium in a market, based on game theoretic approach, with specific development for capital markets and corporate strategies. The model allows to study some aspects of structural change in markets, both its dynamics and qualitative aspects. An empirical research in the Polish capital market, in a sample of 79 non-financial firms listed in the Warsaw Stock Exchange, follows as an exemplification.

Keywords: market equilibrium, corporate strategies, capital market, game theory

JEL Classification: B41, C70, D50, D52, D81, D84

Suggested Citation

Waśniewski, Krzysztof, Dynamic Equilibrium of a Market and Corporate Strategies - A Game Theoretic Approach (May 11, 2009). Available at SSRN: https://ssrn.com/abstract=1402570 or http://dx.doi.org/10.2139/ssrn.1402570

Krzysztof Waśniewski (Contact Author)

Andrzej Frycz Modrzewski Krakow University ( email )

ul. Herlinga Grudzińskiego 1
Kraków
Poland

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