Retailing under Monopolistic Competition: A Comparative Analysis Full article
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2019 15th International Asian School-Seminar Optimization Problems of Complex Systems 26-30 Aug 2019 , Новосибирск |
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| Source | 15th International Asian School-Seminar Optimization Problems of Complex Systems (OPCS)
26-30 Aug. 2019 Compilation, IEEE. 2019. 212 c. |
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| Output data | Year: 2019, Article number : 8880233, Pages count : 6 DOI: 10.1109/OPCS.2019.8880233 | ||||||
| Tags | consumer surplus function; Dixit-Stiglitz model; monopolistic competition model; Nash equilibrium; retailer; social welfare function; Stackelberg equilibrium | ||||||
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Abstract:
The paper presents extensive research on the analysis of the monopolistic competition model altered by adding vertical market interaction with several manufacturers, a retailer and consumers. The analysis of different types of interaction of market participants is given. The characteristic of these situations is presented in terms of the retailer's and manufacturers' profits, special attention is also paid to the consumer surplus function. The comparison of different types of interaction allows us to identify their strengths and weaknesses, and reveals the various possibilities of maintaining the balance. For each situation under consideration, detailed solutions are provided, and ways to further improve the model are proposed. © 2019 IEEE.
Cite:
Tilzo O.
, Bykadorov I.
Retailing under Monopolistic Competition: A Comparative Analysis
In compilation 15th International Asian School-Seminar Optimization Problems of Complex Systems (OPCS) 26-30 Aug. 2019. – IEEE., 2019. – C.156-161. DOI: 10.1109/OPCS.2019.8880233 Scopus OpenAlex
Retailing under Monopolistic Competition: A Comparative Analysis
In compilation 15th International Asian School-Seminar Optimization Problems of Complex Systems (OPCS) 26-30 Aug. 2019. – IEEE., 2019. – C.156-161. DOI: 10.1109/OPCS.2019.8880233 Scopus OpenAlex
Identifiers:
| Scopus: | 2-s2.0-85078048954 |
| OpenAlex: | W2997503749 |