DocumentCode :
2539410
Title :
Study on a new duopoly strategy output-making model based on the experienced ideal output and the best strategy decision-making coefficient
Author :
Zhigeng, Fang ; Liu Sifeng ; Aiqing, Ruan
Author_Institution :
Nanjing Univ. of Aeronaut. & Astronaut., Nanjing
fYear :
2007
fDate :
7-10 Oct. 2007
Firstpage :
2170
Lastpage :
2175
Abstract :
The most fatal flaw of the classical Cournot oligopoly model as well as the related oligopoly output-making competition model is the supposition on the purpose of game players. It thinks that the only game goal is to make the present profit maximum. Based on this supposition, most game model structures are optimal structures. In this article, some new suppositions of duopoly game are established, including the game goal supposition, the time-order supposition and bounded rationality and knowledge supposition. And a description game structure model which has strong universality to the realistic decision-making situations is also constructed. This model could well describe the strategy decision-making problem between the leading company and the subordinating company with the existence of the first-knowing game players. And it also could be proved that the classical Cournot game model is a particular kind of this model.
Keywords :
decision making; game theory; oligopoly; bounded rationality; classical Cournot oligopoly model; decision-making; duopoly strategy output-making model; game goal supposition; game player; knowledge supposition; oligopoly output-making competition model; time-order supposition; Cities and towns; Decision making; Educational programs; Game theory; Oligopoly; Stochastic processes; Technological innovation;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Systems, Man and Cybernetics, 2007. ISIC. IEEE International Conference on
Conference_Location :
Montreal, Que.
Print_ISBN :
978-1-4244-0990-7
Electronic_ISBN :
978-1-4244-0991-4
Type :
conf
DOI :
10.1109/ICSMC.2007.4413610
Filename :
4413610
Link To Document :
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