Title :
Research and Extendable Application of Oligarch Competition Model in Monopolistic Market
Author_Institution :
Dept. of Comput., Dezhou Univ., Dezhou, China
Abstract :
Cournot oligarch competition model is the earliest model that has Nash balanced thought, policy-making question is studied when enterprises pursue maximization of profit in monopolistic market in this model. If enterprises´ actions are not at the same time, the order is exogenously assigned, this model becomes famous Stacklberg oligarch competition model. This model is a typical complete information dynamic gambling. This paper carried on compare and research to the two kinds of competition models in pure oligarch vocation, and promoted Stacklberg oligarch competition model to n oligarchs n stages enter some vocation and carried on gambling analysis, extracted its Nash balanced strategy solution, and drew some useful conclusions. The conclusions have certain academic guiding sense and practical application value.
Keywords :
decision theory; econometrics; game theory; microeconomics; monopoly; optimisation; profitability; Cournot oligarch competition model; Nash balanced strategy solution; Stacklberg oligarch competition model; enterprise profit maximization; information dynamic gambling; monopolistic market; policy making; pure oligarch vocation; Application software; Cost function; Data mining; Decision making; Electronic mail; Oligopoly; Production; Virtual manufacturing;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5305486
