The Game Analysis on the Asymmetrical Competition Between UnionPay and Allinpay & Open-union
This paper considers Allinpay & Open-union as the potential entrant bank card organizations, and builds two Game models which are Cournot model and Stackelberg model to analyze the asymmetrical competition between UnionPay and Allinpay & Open-union. From the analysis, this paper gives follow conclusions: (1)The first-mover advantage makes UnionPay to decide the equilibrium output and gain the maximum profit; (2)UnionPay as the incumbent bank card organization will announce a big production to prevent Allinpay & Open-union from accessing to markets. Therefore, Allinpay & Open-union should take to the rapid establishment of networks to successfully enter the market.
unionpay allinpay open-union asymmetric competition first-mover advantage cournot model stackelberg model
Shuai Qinghong Jia Wang
School of Economic Information Engineering Southwestern University of Finance and Economics Chengdu, 610074, China
国际会议
成都
英文
180-183
2010-10-23(万方平台首次上网日期,不代表论文的发表时间)