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
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