Impact of price adjustment speed on the stability of Bertrand-Nash equilibrium and profit of the retailers.
Rofin T. M.Biswajit MahantyPublished in: Kybernetes (2018)
Keyphrases
- nash equilibrium
- profit maximizing
- game theory
- game theoretic
- pareto optimal
- variational inequalities
- nash equilibria
- stochastic games
- solution concepts
- stackelberg game
- demand uncertainty
- fictitious play
- worst case
- cooperative
- pure strategy
- mixed strategy
- optimal pricing
- regret minimization
- cooperative games
- supply chain