• DocumentCode
    3089679
  • Title

    Version strategy for information goods with a finite number of types

  • Author

    Zhou Musheng ; Zhang Yulin ; Han Yong

  • Author_Institution
    Sch. of Econ. & Managment, Southeat Univ., Nanjing, China
  • fYear
    2013
  • fDate
    17-19 July 2013
  • Firstpage
    295
  • Lastpage
    298
  • Abstract
    This paper constructs an optimization model based on dynamic game theory, which focuses on the version strategy of information goods in the case that the Types of Consumers are Limited. In this model, utility function is the general type, and the consumers choose the version according to their incentive compatible constraint and participation constraint, while the manufacture makes decision according to maximum profit. This paper argues that the best version strategy for manufacture is the single version. Meanwhile, the price of the best single version and the specific calculation of manufacture´s profit are also given in this paper. Based on the profit analysis, technology innovation is the only way to making profit in short term. In the long run, however, only improving the consumers´ preference level and consumers´ preference distribution can guarantee the sustainable development of information products.
  • Keywords
    consumer behaviour; game theory; information management; innovation management; optimisation; profitability; consumers preference distribution; consumers preference level; dynamic game theory; information goods; maximum profit; optimization model; profit analysis; technology innovation; utility function; version strategy; Economics; Educational institutions; Equations; Integrated circuits; Mathematical model; Pricing; Technological innovation; IC conditions; Information goods; dynamic game theory; version strategy;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Service Systems and Service Management (ICSSSM), 2013 10th International Conference on
  • Conference_Location
    Hong Kong
  • Print_ISBN
    978-1-4673-4434-0
  • Type

    conf

  • DOI
    10.1109/ICSSSM.2013.6602495
  • Filename
    6602495