How the price keeps constant in oligopoly market through a non-concurrent game

Hongrui Chen; Ruicong Zhao; Minrui Zhao; Yuehan Yang; Xinghan Li

doi:10.1117/12.2656899

13 January 2023 How the price keeps constant in oligopoly market through a non-concurrent game

Hongrui Chen, Ruicong Zhao, Minrui Zhao, Yuehan Yang, Xinghan Li

Proceedings Volume 12510, International Conference on Statistics, Data Science, and Computational Intelligence (CSDSCI 2022); 1251009 (2023) https://doi.org/10.1117/12.2656899
Event: International Conference on Statistics, Data Science, and Computational Intelligence (CSDSCI 2022), 2022, Qingdao, China

Abstract

Oligopoly is a prevalent market structure to be seen in the market economy around the world. There is a countable plural of firms in the market, which makes analyzing this market structure more complex than other market structures since firms do not act as a whole firm or a united group of firms. Game Theory is often utilized to analyze their actions; however, current analysis does not include firms’ innovation and government intervention impacts. In our work, we first look at quantitative analysis regarding prices only in oligopoly markets with homogeneous and differentiated goods. Later we analyze firms’ actions qualitatively in a relatively real-world setting by considering innovation and government intervention.

Citation Download Citation

Hongrui Chen, Ruicong Zhao, Minrui Zhao, Yuehan Yang, and Xinghan Li "How the price keeps constant in oligopoly market through a non-concurrent game", Proc. SPIE 12510, International Conference on Statistics, Data Science, and Computational Intelligence (CSDSCI 2022), 1251009 (13 January 2023); https://doi.org/10.1117/12.2656899

ACCESS THE FULL ARTICLE

INSTITUTIONAL
Select your institution to access the SPIE Digital Library.

SELECT YOUR INSTITUTION

PERSONAL
Sign in with your SPIE account to access your personal subscriptions or to use specific features such as save to my library, sign up for alerts, save searches, etc.

PERSONAL SIGN IN

No SPIE Account? Create one

PURCHASE THIS CONTENT

SUBSCRIBE TO DIGITAL LIBRARY

50 downloads per 1-year subscription

Members: $195

Non-members: $335 ADD TO CART

25 downloads per 1 - year subscription

Members: $145

Non-members: $250 ADD TO CART

PURCHASE SINGLE ARTICLE

Includes PDF, HTML & Video, when available