May 23, 2003 73-347 Game Theory--Lecture 5 May 23, 2003 Lecture 5 Static (or Simultaneous-Move) Games of Complete Information Bertrand Model of Duopoly Contributing to a Public Good Outline of Static Games of Complete Information Introduction to games Normal-form (or strategic-form) ...
We conclude that while Bertrand presented a critique of the mathematical economics of Cournot and stimulated the analysis of strategic choice in game theory, he did not present a duopoly model with price as a strategic variable, as opposed to Cournot's model with quantity. In fact, Cournot has...
game model in duopoly and its two dimensional Nash equilibrium on price strategy are discussed for two kinds of products with a certain substitutive relationship It is shown that the Bertrand game model as well as its Nash equilibrium is the special case of the two dimensional Bertrand model ...
Complexity analysis of a Cournot-Bertrand duopoly game with different expectations Cournot-Bertrand modelStabilityDynamicsBifurcationOligopoly theoryIn this paper, we consider a Cournot-Bertrand mixeWangTianjin UnivSch ManagementHongwu... Wang,Hongwu,Junhai - 《Nonlinear Dynamics》 被引量: 2发表: 2014年...
Based on the bounded rationality strategy and the adaptive strategy,a master-slave Bertrand price game model of duopoly is constructed and its dynamical properties are studied.The results of theory analysis show that the model has an unstable boundary fixed point and a local-stable Nash equilibrium...
The paper is structured as follows: In Section 2, a dynamic Bertrand duopoly game model was built which is composed of players that produce heterogeneous products and have different price adjustment rules. In Section 3, the dynamic behaviors and the equilibrium points were studied. The conditions ...
game theory/ complexity analysisCournot-Bertrand duopoly game modellimited informationfixed marginal costdecision-making principlesbounded rationaldegree-of-differentiationA Cournot-Bertrand mixed duopoly game model with limited information about the market and opponent is considered, where the market has linear...
Keywords: Bertrand model; pricing strategy; regional port; duopoly 量, 取决于当地当时的经济发展状况, 并不会因为寡头们基于 1 引言 当前, 港口发展呈现区域化、 集群化特征。 《全国沿海港口 布局规划》 根据不同地区的经济发展状况及特点 、 区域内港口 现状及港口间运输关系和主要货类运输的经济合理性,...
2.A Multidimensional Game Model and Its Equilibrium in Bertrand Duopoly;Bertrand双寡头多维博弈模型及均衡 3.Evolutionary Game Analysis of Bertrand Duopoly's Behavior to Their Upstream SuppliersBertrand双寡头对上游供应商行为的演化博弈分析 4.Vertical Demand Information Sharing in a Supply Chain with Horizont...
2. The Model Consider a duopoly game with price competition, horizontal differentiation, and market share delegation contracts (see [13] for details). Market demands of goods 1 and 2 are, respectively, given by (1) where d∈ (−1,0] is the degree of differentiation of (complementary) ...