Study on a new duopoly strategy output-making model based on the experienced ideal output and the best strategy decision-making coefficient
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 structu...
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Format: | Tagungsbericht |
Sprache: | eng |
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Zusammenfassung: | 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. |
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ISSN: | 1062-922X 2577-1655 |
DOI: | 10.1109/ICSMC.2007.4413610 |