Title :
Hoteling Model with Stackelberg Game Under Uncertain Consumer Preference
Author :
Diao Xin-Jun ; Yang De-Li ; Li Hui-Fen ; Hu Run-Bo
Author_Institution :
Sch. of Manage., Dalian Univ. of Technol., Dalian
Abstract :
In hotelling model with Stackelberg game, the paper introduces uncertain consumer preference and research its effect on firms competitive strategy. According to the equilibrium results, market leader obtain higher market price and profit than that of market follower under uncertain consumer preference; Comparing result under certain consumer preference, uncertainty increases product equilibrium price, profit, differentiation and social welfare.
Keywords :
hotel industry; marketing; profitability; public administration; Stackelberg game; consumer preference; hoteling model; market price; market profit; product equilibrium price; social welfare; uncertain consumer preference; Application software; Cost function; Electronic mail; Nash equilibrium; Paper technology; Pricing; Production; Springs; Technology management; Uncertainty;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.1418