• 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