Complez Dynamics in a Repeated Game Model for Chinese Telecommunication Duopoly
A repeated Bertrand model under the influence of stochastic perturbation has been established in this paper. The price adjustment parameter is introduced into the dynamic model to present the competitors modulating their product price to obtain the maximum profit based on bounded rationality. We study the complexity of the model with assumption that the demand function is irrational. Numerical simulation is provided to demonstrate the chaotic behavior of the discrete dynamical system and the impact of the perturbation is also analyzed.
Telecom market repeated gfune Bertrand model stochastic perturbaton complezity
Cheng Xiangbo Peng Jing
Department of Wireless Communication,Shijiazhuang Command College of Armed Police Forces Shijiazhuan School of Management,Tianjin University Tianjin,300072,China
国际会议
上海
英文
1494-1498
2009-11-20（万方平台首次上网日期，不代表论文的发表时间）