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Market Pioneering Game for Symmetric Players

Lim, Jong-In    (East Asia Gas Co., Ltd   ); Oh, Hyung-Sik    (Seoul National University  );
  • 초록

    In this paper, we consider with a market pioneering game among symmetric firms in highly competitive situation. To describe the puzzling situation of timing competition, we construct a dynamic game model and explore the equilibrium solution. As a result, we find a subgame perfect mixed strategy Nash equilibrium conceptually defined by 't $_{0}$ + .elsilon. equilibrium'. Our major finding s include : i) market entry will be occurred in sequential manner even though the condition of each firm is symmetric ii) the optimal timing of market pioneering will be advanced until almost all of the monopolist's profit is dissipated, iii) as the market position of the pioneer is stronger, the timings of the pioneer and the follower are separated, iv) and as the slope of the profit flow is steeper, the entry timing of the two players will be pooled together.


  • 참고문헌 (12)

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 저자의 다른 논문

  • 오형식 (15)

    1. 1987 "Congested Market Equilibrium Analysis" 대한산업공학회지 = Journal of Korean institute of industrial engineers 13 (2): 65~77    
    2. 1989 "국내 석탄(國內 石炭)의 적정 생산 계획(適正 生産 計劃)" 산업공학 = IE Interfaces 2 (1): 23~27    
    3. 1992 "신제품 수요예측 방법론 연구" 대한산업공학회지 = Journal of Korean institute of industrial engineers 18 (2): 51~63    
    4. 1993 "기술적 진화재의 대체모형" 한국경영과학회지 = Journal of the Korean Operations Research and Management Science Society 18 (3): 113~127    
    5. 1993 "A Planar Geodesic Constrained On the Maximum Curvature and with Prescribed Initial and Terminal Directions: An Optimal Control Approach" 대한산업공학회지 = Journal of Korean institute of industrial engineers 19 (4): 105~114    
    6. 1994 "정보통신서비스의 최적선택이부요금" 대한산업공학회지 = Journal of Korean institute of industrial engineers 20 (3): 55~63    
    7. 1994 "Duopoly Model of a Congested Market" 대한산업공학회지 = Journal of Korean institute of industrial engineers 20 (1): 113~120    
    8. 1996 "비대칭적 조건하에서 기업간의 신시장 개척 유인 분석" 대한산업공학회지 = Journal of Korean institute of industrial engineers 22 (2): 189~207    
    9. 1996 "생산요소로서 통신서비스의 최적이부요금" 대한산업공학회지 = Journal of Korean institute of industrial engineers 22 (1): 105~114    
    10. 1997 "과학기술정책을 위한 국가학습조직모형" 기술혁신연구 5 (2): 22~47    

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