A Differential Oligopoly Game Under Price Competition

被引:0
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作者
Jun Wang
机构
[1] Changchun University of Technology,School of Mathematics and Statistics
关键词
differential games; oligopoly; Nash equilibrium; 91A06; 91A23;
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摘要
A dynamic actual demand function was used to portray a market environment for fast moving consumer goods and to establish oligopoly differential games under price competition. We confirmed the stable point in n-player price competition as the saddle point of differential games, and acquired the optimal price and demand at equilibrium. Analysis on optimal price and demand shows that, to obtain more profits, a manufacturer should control costs, rapidly occupy the market, and improve product uniqueness.
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页码:412 / 420
页数:8
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