Research on Complex Mechanism of Oligarchy Pricing Based on Price Repeated Game Model

Abstract:

Article Preview

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 and 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:

$35.00

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

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