scholarly journals Price Competition with the Attraction Demand Model: Existence of Unique Equilibrium and Its Stability

2006 ◽  
Vol 8 (4) ◽  
pp. 359-375 ◽  
Author(s):  
Guillermo Gallego ◽  
Woonghee Tim Huh ◽  
Wanmo Kang ◽  
Robert Phillips
2021 ◽  
Vol 4 (5) ◽  
pp. 59-64
Author(s):  
Bicheng Yue

In a multichannel supply chain comprising of dual-channel retailers with both physical and online channels as well as single-channel e-tailers with online channels, a multichannel demand model for e-commerce is constructed based on customer channel preferences, and a Stackerberg game model with price competition dominated by dual-channel retailers and single-channel e-tailers as well as a Bertrand game model with equal rights are established to analyze the impact of different channel rights structures on the price, demand, and profit of the two retailers. The results show that the single-channel e-tailer under the dual-channel retailer-dominated game has the highest profit, and the dual-channel retailer under the single-channel e-tailer-dominated game has the highest profit; thus, both retailers should accept the other’s dominant channel rights for profit maximization.


Commonwealth ◽  
2017 ◽  
Vol 19 (1) ◽  
Author(s):  
Somayeh Youssefi ◽  
Patrick L. Gurian

Pennsylvania is one of a number of U.S. states that provide incentives for the generation of electricity by solar energy through Solar Renewal Energy Credits (SRECs). This article develops a return on investment model for solar energy generation in the PJM (mid-­Atlantic) region of the United States. Model results indicate that SREC values of roughly $150 are needed for residential scale systems to break even over a 25-­year project period at 3% interest. Market prices for SRECs in Pennsylvania have been well below this range from late 2011 through the first half of 2016, indicating that previous capital investments in solar generation have been stranded as a result of steep declines in the value of SRECs. A simple conceptual supply and demand model is developed to explain the sharp decline in market prices for SRECs. Also discussed is a possible policy remedy that would add unsold SRECs in a given year to the SREC quota for the subsequent year.


2013 ◽  
Author(s):  
Raphael Boleslavsky ◽  
Christopher Cotton ◽  
Haresh B. Gurnani
Keyword(s):  

2020 ◽  
Author(s):  
W. Jason Choi ◽  
Kinshuk Jerath ◽  
Miklos Sarvary

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