DocumentCode
2540097
Title
Research on coordination and competition in two oligarch enterprises repeated game
Author
Ren, Fangxu
Author_Institution
Sch. of Econ. & Manage., ZhongYuan Univ. of Technol., Zhengzhou, China
fYear
2010
fDate
16-18 April 2010
Firstpage
52
Lastpage
56
Abstract
The key issue of cooperation in two oligarch enterprises repeated game is to get the conditions of its discount factor by the construction of the trigger strategy. Based on the Bertrand model, we establish a new trigger strategy, obtain the conditions of discount factor and price situation in terms of collusion, its conclusions are consistent with previous studies. Under the common Competitive conditions, we provide a dynamic model for two oligarch enterprises competing for prices, prove that equilibrium is existent. In conclusion, we suggest a range for effective adjustment of price at the common first-phase game.
Keywords
game theory; oligopoly; Bertrand model; discount factor; oligarch enterprises repeated game; trigger strategy; Costs; Game theory; Nash equilibrium; Packaging; Production; Technology management; Bertrand model; Competition; Cooperation; Repeated game;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-5263-7
Electronic_ISBN
978-1-4244-5265-1
Type
conf
DOI
10.1109/ICIME.2010.5477429
Filename
5477429
Link To Document