DocumentCode
2852759
Title
Nash equilibrium retail prices in a linear duopoly market
Author
Hamaguchi, T. ; Nakade, K.
Author_Institution
Dept. of Ind. Eng. & Manage., Nagoya Inst. of Technol., Nagoya, Japan
fYear
2011
fDate
6-9 Dec. 2011
Firstpage
126
Lastpage
130
Abstract
In this study Nash equilibrium retail prices in a linear duopoly market are analyzed. It is found that the simple model, in which consumers buy items less than the critical price and do not buy otherwise, has theoretical problems and may have no equilibrium prices. The modified market model, which has two-stage critical prices, is proposed and the demand functions on retail prices are analyzed. This demand model is applied to a supply chain model with one supplier and two retailers.
Keywords
game theory; oligopoly; pricing; retailing; supply and demand; supply chain management; Nash equilibrium retail prices; demand model; linear duopoly market; modified market model; supply chain model; two-stage critical prices; Analytical models; Computational modeling; Contracts; Games; Nash equilibrium; Numerical models; Supply chains; Linear market; Nash equilibrium; retail price; supply chain;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2011 IEEE International Conference on
Conference_Location
Singapore
ISSN
2157-3611
Print_ISBN
978-1-4577-0740-7
Electronic_ISBN
2157-3611
Type
conf
DOI
10.1109/IEEM.2011.6117892
Filename
6117892
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