Price and product innovation competition with network effects and consumers’ adaptive learning: A differential game approach

Ge, Lijia; Li, Shoude

doi:10.1016/j.cie.2024.110298

Computers & Industrial Engineering

2024

DOI: 10.1016/j.cie.2024.110298

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Price and product innovation competition with network effects and consumers’ adaptive learning: A differential game approach

Lijia Ge,

Shoude Li

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2024

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Cited by 3 publications

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A study on the application of game theory modeling in the analysis of pharmaceutical price elasticity

Xu,

2024

Applied Mathematics and Nonlinear Sciences

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Setting reasonable drug prices is the fundamental goal of drug price elasticity analysis, and the game theory method can play a role in drug pricing by analyzing the behaviors of multiple game subjects to give a plan that meets the best interests of all parties. The optimal pricing strategies under different threshold conditions are summarized by establishing four model assumptions and solving them based on the basic model of game theory and the bidding process. Accordingly, the drug pricing of Pharmaceutical Company F was analyzed, and it was found that its optimal pricing was 21.3yuan, at which time the profit was 132.74% higher than the original pricing profit. After applying this pricing, it was found that the implementation of the new pricing increased the mean score of the company’s profitability by 0.16738 to 0.19504 as compared to before the optimized drug pricing strategy, indicating that the pricing strategy improved by the game theory model is able to provide the company’s level of profitability and is feasible.

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A study on the application of game theory modeling in the analysis of pharmaceutical price elasticity

Xu,

2024

Applied Mathematics and Nonlinear Sciences

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Research on Transboundary Air Pollution Control and Cooperative Strategies Based on Differential Game

Yu,

Tu,

2024

Atmosphere

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This paper examines control and cooperation mechanisms for trans-regional air pollution using differential game theory. This study focuses on analyzing pollution control pathways in regions characterized by asymmetric economic development. Three models are constructed: the Nash non-cooperative game, the pollution control cost compensation mechanism, and the collaborative cooperation mechanism. These models are used to investigate optimal pollution control strategies for various regions. The findings indicate that the collaborative cooperation model substantially reduces pollution emissions and enhances overall benefits. Additionally, the pollution control cost compensation mechanism alleviates the burden of pollution control on less developed regions. Numerical analysis confirms the effectiveness of the proposed models and offers theoretical foundations and policy recommendations for regional cooperation in pollution prevention.

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Cooperative Strategies in Transboundary Water Pollution Control: A Differential Game Approach

Tu,

Yu,

2024

Water

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This paper, based on differential game theory, examines governance models and cooperative strategies for managing cross-border water pollution in regions with uneven economic development. To address cross-regional water pollution, three differential game models are constructed under different scenarios: the Nash noncooperative mechanism, the pollution control cost compensation mechanism, and the collaborative cooperation mechanism. This study analyzes the dynamic changes in pollution emissions, governance investments, and economic returns within each model. The results indicate that the collaborative cooperation mechanism is the most effective, as it significantly reduces pollution emissions, maximizes overall regional benefits, and achieves Pareto optimality. In comparison, the pollution control cost compensation mechanism is suboptimal under certain conditions, while the Nash noncooperative mechanism is the least efficient, resulting in the highest pollution emissions. Furthermore, the research explores the influence of cooperation costs on the selection of governance models. It finds that high cooperation costs reduce local governments’ willingness to engage in collaborative cooperation. However, an appropriate compensation mechanism can effectively encourage less-developed regions to participate. Numerical analysis confirms the dynamic evolution of pollution stocks and economic returns under different models, and provides corresponding policy recommendations. This paper offers theoretical insights and practical guidance for cross-regional water pollution management, highlighting the importance of regional cooperation and cost-sharing in environmental governance.

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Price and product innovation competition with network effects and consumers’ adaptive learning: A differential game approach

Cited by 3 publications

References 84 publications

A study on the application of game theory modeling in the analysis of pharmaceutical price elasticity

A study on the application of game theory modeling in the analysis of pharmaceutical price elasticity

Research on Transboundary Air Pollution Control and Cooperative Strategies Based on Differential Game

Cooperative Strategies in Transboundary Water Pollution Control: A Differential Game Approach

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