Nova Publishers
My Account Nova Publishers Shopping Cart
HomeBooksSeriesJournalsReference CollectionseBooksInformationSalesImprintsFor Authors
  Top » Catalog » Journals » International Journal of Mathematics, Game Theory and Algebra » Volume 23 Issue 1 Articles » My Account  |  Cart Contents  |  Checkout   
Quick Find
Use keywords to find the product you are looking for.
Advanced Search
What's New? more
_Cancer Research Journal - This journal ceased publication after 4#4 (2010). Back Issues are available.
Shopping Cart more
0 items
Shipping & Returns
Privacy Notice
Conditions of Use
Contact Us
Notifications more
NotificationsNotify me of updates to Stackelberg or Bertrand: Which Price Model is Practically Applicable? (pp. 1-18)
Tell A Friend
Tell someone you know about this product.
Stackelberg or Bertrand: Which Price Model is Practically Applicable? (pp. 1-18) $45.00
Authors:  Naima Saeed and Odd I. Larsen
The objective of this study was to compare two strategies the Bertrand game and
the Stackelberg game which can be applied to prices, set by four terminals in two ports
of Pakistan. Numerical results were obtained by solving the multinomial logit model. The
results show that in a Bertrand game, one container terminal (KICT), despite charging
higher prices, captured a higher market share compared to its competitors. The results
reflect the real data on the situation in the two ports in question. Because there are
differences in market shares and costs among the container terminals, this study also
analyzed a hypothetical leader-follower strategy using four sub cases. These results
reveal that the leader can charge a monopolist price. However, it can capture a very high
market share only when it has some natural advantages over its competitors. Moreover,
there is a possibility that the leader will be wrong in assuming that the others will adopt
its price. On this basis, it may be concluded that the Bertrand game in prices is probably
the only one that consistently assumes rational and fully informed players. 

Available Options:
This Item Is Currently Unavailable.
Special Focus Titles
01.Violent Communication and Bullying in Early Childhood Education
02.Cultural Considerations in Intervention with Women and Children Exposed to Intimate Partner Violence
03.Chronic Disease and Disability: The Pediatric Lung
04.Fruit and Vegetable Consumption and Health: New Research
05.Fire and the Sword: Understanding the Impact and Challenge of Organized Islamism. Volume 2

Nova Science Publishers
© Copyright 2004 - 2020

Stackelberg or Bertrand: Which Price Model is Practically Applicable? (pp. 1-18)