We consider location-then-price game as a two stage game of n players on the graph. Logit analysis is used to model demand distribution between competitors. The use of multinomial logit model allows to compute shares in case of n players and proceed with studying price equilibrium. Price and location equilibria are constructed using best response dynamics. We apply proposed model to Russian and Chinese airline markets and find location and price equilibria for competitive airlines.
Язык оригиналарусский
Страницы (с-по)754-757
Число страниц4
ЖурналProcedia Computer Science
Том31
DOI
СостояниеОпубликовано - 2014
Событие2nd International Conference on Information Technology and Quantitative Management, ITQM 2014 - Moscow, Российская Федерация
Продолжительность: 3 июн 20145 июн 2014

    Области исследований

  • location-price game, equilibrium, logit model, airline market ;

ID: 135303930