Price competition and cost efficiency facing buyer’s bounded rationality

Luo, Sha; Fang, Shu-Cherng; Zhang, Jiahua; King, Russell E.

doi:10.1016/j.ijpe.2023.109062

International Journal of Production Economics

2023

DOI: 10.1016/j.ijpe.2023.109062

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Price competition and cost efficiency facing buyer’s bounded rationality

Sha Luo,

Shu-Cherng Fang,

Jiahua Zhang

et al.

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2024

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Cited by 3 publications

References 47 publications

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Consumer impulse buying in Hungary: A CB-SEM analysis of Hungarian consumer behaviour towards mobile short video applications based on a Chinese reference model

Vinkóczi,

Végvári,

Németh

et al. 2024

Computers in Human Behavior Reports

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Consumer impulse buying in Hungary: A CB-SEM analysis of Hungarian consumer behaviour towards mobile short video applications based on a Chinese reference model

Vinkóczi,

Végvári,

Németh

et al. 2024

Computers in Human Behavior Reports

View full text Add to dashboard Cite

Consortium blockchain private key protection scheme based on rational secret sharing and blockchain

Yang,

Peng,

Zhong

et al. 2024

Computer Networks

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Triopoly Cournot–Bertrand Game Based on Fractional Bounded Rationality: Static and Dynamic Investigations

Awad,

Abouhawwash,

Askar

et al. 2024

Discrete Dynamics in Nature and Society

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A triopoly game is introduced to study the competition among three firms in a single market, each operating in an oligopolistic market. Our study is concerned with a static model in which the market has taxes and a quadratic cost function in quantity. In the static system we employ, known as Cournot‐Bertrand, one firm’s output depends on quantity, while the other firms’ outputs depend on price. In the first part of this paper, we study the existence of the Nash equilibrium and its condition of stability for the static mixed model. In the second part of this paper, we modify the standard bounded rationality to fractional bounded rationality of discrete dynamical systems that have increasing taxes according to quantities based on the Egyptian market. Finally, we present a numerical study of the dynamical system, demonstrating that a small degree of memory enhances system stability.

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Price competition and cost efficiency facing buyer’s bounded rationality

Cited by 3 publications

References 47 publications

Consumer impulse buying in Hungary: A CB-SEM analysis of Hungarian consumer behaviour towards mobile short video applications based on a Chinese reference model

Consumer impulse buying in Hungary: A CB-SEM analysis of Hungarian consumer behaviour towards mobile short video applications based on a Chinese reference model

Consortium blockchain private key protection scheme based on rational secret sharing and blockchain

Triopoly Cournot–Bertrand Game Based on Fractional Bounded Rationality: Static and Dynamic Investigations

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