Title of article :
An Evasion Game Model for Duopoly Competition
Author/Authors :
Eslaminosratabadi, H. McMaster University - DeGrooteSchool of Business, Canada , Salimi, M. Islamic Azad University, Toyserkan Branch - Department of Mathematics, ايران , Ibragimov, G. I. Universiti Putra Malaysia - Faculty of Science, Institute for Mathematical Research - Department of Mathematics, Malaysia , Amini, M. tarbiat modares university - Faculty of Mathematical Sciences - Department of Mathematics, تهران, ايران
Abstract :
Based on the Bertrand and Cournot economic models, we develop an evasion game model for a duopoly market with two players competing on price and quantity. We show that if the total financial strength of first mover is greater than that of the second mover, and the first mover observes the second mover perfectly, our proposed optimal strategy can be followed by the first mover to remain the market leader ahead of all competition.
Keywords :
Evasion game , optimal strategy , duopoly competition , Bertrand and Cournoteconomic models
Journal title :
Pertanika Journal of Social Sciences and Humanities (JSSH)
Journal title :
Pertanika Journal of Social Sciences and Humanities (JSSH)
