Title :
Price Competition Dynamic Model and Its Complexity in Mobile Communication Enterprise
Author :
Chen Zhengyi ; Lai Minyong
Author_Institution :
Sch. of Economic & trade, Hunan Univ., Changsha, China
Abstract :
In the paper, price competition dynamic model is presented based on Bertrand game in oligopoly mobile communication enterprise, and with bounded rational based on marginal payment, the price dynamic adjusted model is presented, and the stable region, bifurcation and stranger attractor of the Nash equilibrium are displayed respectively by numerical simulations, then the impact of product substitution coefficient on strategy from the view of average payment are analyzed, and the numerical simulations indicated that, it is important for enterprises to maintain the stability of this system, but to improve the substitutability of their own products to the competitors product is more important.
Keywords :
bifurcation; game theory; mobile communication; numerical analysis; pricing; telecommunication industry; Bertrand game; Nash equilibrium; bifurcation; marginal payment; numerical simulations; oligopoly mobile communication enterprise; price competition dynamic model; price dynamic adjusted model; product substitution coefficient impact; stranger attractor; system stability; Bifurcation; Communication industry; Cost function; Game theory; Industrial economics; Mobile communication; Nash equilibrium; Numerical simulation; Oligopoly; Stability analysis;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5303148
