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Game-theoretic models of manufacturers’ competition in the international market of a homogeneous product are constructed provided that the strategic variables of the manufacturers are random. A class of distributions of… Click to show full abstract
Game-theoretic models of manufacturers’ competition in the international market of a homogeneous product are constructed provided that the strategic variables of the manufacturers are random. A class of distributions of random variables that guarantees the existence of a solution to non-cooperative games describing international trade is distinguished. Explicit formulas for the “corrected” Nash equilibrium are established in the constructed models.
Keywords:
competition;
approach problem;
probabilistic approach;
manufacturers random;
random variables;
problem international
Journal Title: Cybernetics and Systems Analysis
Year Published: 2019
Link to full text (if available)
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Journal Title: Cybernetics and Systems Analysis
Year Published: 2019
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!