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Complex Dynamics for Airlines' Price Competition with Differentiation Strategy

โœ Scribed by HU, Rong; XIA, Hongshan; JIANG, Yu


Book ID
123409608
Publisher
Elsevier
Year
2013
Tongue
English
Weight
603 KB
Volume
13
Category
Article
ISSN
1570-6672

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This article develops a continuous-time dynamic pricing model for two competitive flights with stochastic control theory and game theory. Two price levels are taken into account for each flight. The condition of the equilibrium solution is derived. Solutions and corresponding properties are discusse