A game theoretic approach for analyzing the competition between national and store brands by considering store loyalty

2021 ◽  
Vol 60 ◽  
pp. 102449
Author(s):  
Parisa Assarzadegan ◽  
Seyed Reza Hejazi
Keyword(s):  
Store Loyalty ◽  
Theoretic Approach ◽  
Store Brands ◽  
Game Theoretic ◽  
Game Theoretic Approach

scholarly journals Horizontally Differentiated Store Brands: Production Outsourcing to National Brand Manufacturers

2014 ◽  
Vol 2014 ◽  
pp. 1-14 ◽  
Author(s):  
Shun Shindo ◽  
Nobuo Matsubayashi
Keyword(s):  
Wholesale Price ◽  
Optimal Strategies ◽  
Strategic Decision ◽  
Theoretic Approach ◽  
Store Brands ◽  
National Brand ◽  
Game Theoretic ◽  
Dominant Retailer ◽  
Degree Of Differentiation ◽  
Game Theoretic Approach

We study a retailer's strategic decision with regard to outsourcing the production of such types of store brands (SBs) to national brand (NB) manufacturers. The wholesale price of NB is assumed to be set by the manufacturer, while that of the SB is assumed to be set by the retailer. When a retailer outsources SB production to an NB manufacturer, the NB manufacturer might suffer from cannibalization due to offering both the SB and the NB, implying that a strategic interaction between the retailer and manufacturer is an important issue. Based on this motivation, we mainly focus on the strategy of a dominant retailer in such a situation and investigate it with a game-theoretic approach. We show that the optimal strategy for the SB retailer sensitively depends on the degree of differentiation between the SB and the NB. In particular, if both products are less differentiated, the retailer benefits from offering only the SB, and, in this case, the retailer should offer its wholesale price, after the manufacturer sets the NB wholesale price. Furthermore, it is shown that the optimal strategies of the retailer are socially efficient, if and only if the SB and the NB are sufficiently differentiated.

A Game Theoretic Approach to Cash Management

1982 ◽  
Vol 55 (3) ◽  
pp. 367 ◽  
Author(s):  
Carl Alan Batlin ◽  
Susan Hinko
Keyword(s):  
Theoretic Approach ◽  
Cash Management ◽  
Game Theoretic ◽  
Game Theoretic Approach

scholarly journals A game theoretic approach reveals that discretizing clinical information can reduce antibiotic misuse

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Maya Diamant ◽  
Shoham Baruch ◽  
Eias Kassem ◽  
Khitam Muhsen ◽  
Dov Samet ◽  
...  
Keyword(s):  
Antibiotic Prescription ◽  
Clinical Information ◽  
Social Optimum ◽  
Theoretic Approach ◽  
Theoretic Analysis ◽  
Game Theoretic Analysis ◽  
Optimal Output ◽  
The Social ◽  
Game Theoretic ◽  
Game Theoretic Approach

AbstractThe overuse of antibiotics is exacerbating the antibiotic resistance crisis. Since this problem is a classic common-goods dilemma, it naturally lends itself to a game-theoretic analysis. Hence, we designed a model wherein physicians weigh whether antibiotics should be prescribed, given that antibiotic usage depletes its future effectiveness. The physicians’ decisions rely on the probability of a bacterial infection before definitive laboratory results are available. We show that the physicians’ equilibrium decision rule of antibiotic prescription is not socially optimal. However, we prove that discretizing the information provided to physicians can mitigate the gap between their equilibrium decisions and the social optimum of antibiotic prescription. Despite this problem’s complexity, the effectiveness of the discretization solely depends on the type of information available to the physician to determine the nature of infection. This is demonstrated on theoretic distributions and a clinical dataset. Our results provide a game-theory based guide for optimal output of current and future decision support systems of antibiotic prescription.

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