Location-Price Game in a Dual-Circle Market with Different Demand Levels

This paper researches a location-price game in a dual-circle market system, where two circular markets are interconnected with different demand levels. Based on the Bertrand and Salop models, a double intersecting circle model is established for a dual-circle market system in which two players (firm...

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Bibliographic Details
Main Authors: Xiaofeng Chen, Qiankun Song, Luqing Rong, Zhenjiang Zhao
Format: Article
Language:English
Published: Hindawi Limited 2021-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2021/8870747