Title :
Analysis on Betrand model of oligopoly market
Author :
Hong-yan, Shi ; Zhen, Xu ; Zhongju, Chen
Author_Institution :
Sch. of Sci., Shenyang Univ. of Technol., Shenyang, China
Abstract :
To analyse the pricing strategy of oligopoly market more accurately and more perfectly, analysis on Betrand model of complete information and dynamic decision, Betrand complete information model of multi-oligopolies market, and Betrand incomplete information model of multi-oligopolies market are put forward through analysing the domestic oligopoly market and researching traditional Bertrand model deeply. And the Nash equilibrium of these new models is deduced. These provide more perfect analysis methods for the prices´ competition of the market environment for the new period.
Keywords :
marketing; oligopoly; pricing; Betrand model; Nash equilibrium; incomplete information model; oligopoly market; pricing; Analytical models; Biological system modeling; Games; Lead; Monopoly; Nash equilibrium; Oligopoly; Betrand model; dynamic decision; incomplete information; oligopoly market;
Conference_Titel :
Information and Financial Engineering (ICIFE), 2010 2nd IEEE International Conference on
Conference_Location :
Chongqing
Print_ISBN :
978-1-4244-6927-7
DOI :
10.1109/ICIFE.2010.5609489
