Analysis of Vicious Price Competition in Logistics Park Based on Game Theory

J.C. Ke; Hang Dai; Lu Gan

doi:10.4028/www.scientific.net/AMR.671-674.3142

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 671-674Analysis of Vicious Price Competition in Logistics...

Analysis of Vicious Price Competition in Logistics Park Based on Game Theory

Abstract:

Vicious price competition is adopted by homogeneous enterprises to seize the market in logistics park. In order to solve this problem effectively, the thesis starts from the definition of vicious price competition and researches on the cause of vicious price competition. Besides, establish game model for price regulation with the Nash equilibrium theory of game theory, finally put forward the suggestion on decreasing the vicious price competition, and make the management department of logistics park able to maintain fair, impartial, and open price market order according to the service price of the model.

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Periodical:

Advanced Materials Research (Volumes 671-674)

Pages:

3142-3146

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.671-674.3142

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Online since:

March 2013

Authors:

J.C. Ke, Hang Dai, Lu Gan

Keywords:

Game Theory, Nash Equilibrium Theory, Price Regulation, Vicious Price Competition

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