Paper Title:
Research on Complex Mechanism of Oligarchy Pricing Based on Price Repeated Game Model
  Abstract

Based on domestic and international study, this paper proposes an innovative Bertrand model and discusses its complex dynamics characteristics. Results show that the best choice for oligopoly is to reduce price adjustment speed and the satisfactory game result is to maintain equilibrium price. According to oligopolies’ game strategy, the paper uses parameters adjustment control method to make the chaotic state of price stable at the equilibrium state.

  Info
Periodical
Advanced Materials Research (Volumes 219-220)
Edited by
Helen Zhang, Gang Shen and David Jin
Pages
578-581
DOI
10.4028/www.scientific.net/AMR.219-220.578
Citation
Z. H. Sun, J. H. Ma, "Research on Complex Mechanism of Oligarchy Pricing Based on Price Repeated Game Model", Advanced Materials Research, Vols. 219-220, pp. 578-581, 2011
Online since
March 2011
Export
Price
$32.00
Share

In order to see related information, you need to Login.

In order to see related information, you need to Login.

Authors: You Jie Ma, Xiao Shuang Li, Xue Song Zhou, Ji Li, Hu Long Wen, Li Ying Jia
Abstract:In power system, when the overload of large-scale power grid results in serious disaster, the nonlinear dynamic bifurcation is obvious. It...
84
Authors: Jun Hai Ma, Qi Zhang
Abstract:Based on the work of domestic and foreign scholars and the application of complex systems theory, we study the first-order approximate...
73
Authors: Jun Hong Li, Ning Cui, Hong Kai Sun
Chapter 7: Dynamic Mechanical Analysis, Optimization and Control
Abstract:An SIRS epidemic model with nonlinear incidence rate is studied. It is assumed that susceptible and infectious individuals have constant...
1495
Authors: Jun Hong Li, Ning Cui, Liang Cui, Cai Juan Li
Chapter 1: Green Manufacturing Technology
Abstract:In this paper, we study the global dynamics of an SIRS epidemic model with nonlinear inci- dence rate. By means of Dulac function and...
23
Authors: Cui Xiang Liang
Chapter 9: Earthquake Engineering and Earthquake Resistant Design
Abstract:This paper is concerned with the dynamical behavior of a chaotic system which is a model for seismic response of structures. The local...
911