Dynamic pricing for substitute products with different customer choices under competition

Jin Lin Li*, Tian Zhao, Lun Ran

*此作品的通讯作者

    科研成果: 期刊稿件文章同行评审

    1 引用 (Scopus)

    摘要

    A dynamic pricing game model for substitute products from two sellers with different customer choices was proposed, and potential customers were divided into three segments in the model: loyal customers to seller 1 who immediately purchase from seller 1 when they arrive, loyal customers to seller 2 who immediately purchase from seller 2 when they arrive, and customers with general preference for seller 1 and 2 who purchase from either seller with certain probabilities according to MNL model when they arrive. Then the existence of Nash equilibrium prices is proved, and a numerical experiment is developed to discuss the characteristics of Nash equilibrium prices.

    源语言英语
    页(从-至)1069-1072
    页数4
    期刊Beijing Ligong Daxue Xuebao/Transaction of Beijing Institute of Technology
    34
    10
    出版状态已出版 - 1 10月 2014

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    引用此

    Li, J. L., Zhao, T., & Ran, L. (2014). Dynamic pricing for substitute products with different customer choices under competition. Beijing Ligong Daxue Xuebao/Transaction of Beijing Institute of Technology, 34(10), 1069-1072.