Impact of price adjustment speed on the stability of Bertrand–Nash equilibrium and profit of the retailers
作者： Rofin T.M. , Biswajit Mahanty
关键词: Nash equilibrium 、 Bounded function 、 Rational expectations 、 Supply chain 、 Profit (economics) 、 Microeconomics 、 Economics 、 Chaotic 、 Bertrand competition 、 Chaos theory
摘要: … We consider an online retailer and a traditional retailer selling the same product from a monopolistic manufacturer, as shown in Figure (1). The retailers are competing on the basis of …
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