scholarly journals GAME EQUILIBRIUM BASED CONTROL ANALYSIS ON THE SUSTAINABLE MARKET STRUCTURE OF RARE METAL MINERAL RESOURCES – EVIDENCE FROM CHINA

2021 ◽  
Vol 29 (2) ◽  
pp. 73-84
Author(s):  
Shijie Ding ◽  
Jianbai Huang ◽  
Xiaodan Zhang ◽  
Meirui Zhong
Keyword(s):  
Game Theory ◽  
Market Structure ◽  
Equilibrium Point ◽  
Mineral Resources ◽  
Rare Metal ◽  
Theory Model ◽  
Control Analysis ◽  
Economic Policies ◽  
Cournot Equilibrium ◽  
Game Equilibrium

In rare metal mineral market, as a complex system, multiple decision-making among the stakeholders increases the complexity in its market structure and dynamic process. The unreasonable compensation pricing mechanism for the development of the rare metal mineral resources in China requires to be studied. Drawing on the methods of game theory model and chaos control analysis, this paper builds theoretical model of rare metal mineral market structure, corporating related parameters of rare metal in the game theory model, to conduct the chaotic nature and path analysis, expecting to solve the bottleneck problems that restrict the rare metal pricing and resource security and enhance the waste valorization for the sustainability. Specificly, a Cournot-Nash Equilibrium model is built to analyze the Cournot-equilibrium point, the stability of the Cournot Equilibrium point, the chaotic status, as well as the pattern to chaos of the game system in the rare metal mineral resource market, numerical simulation is used to verify the model. The conclusions facilitate the formulation of industrial economic policies and further improvement of managerial strategies to solve market problems.

scholarly journals Modeling Post-Liberalized European Gas Market Concentration—A Game Theory Perspective

Forecasting ◽  
2020 ◽  
Vol 3 (1) ◽  
pp. 1-16
Author(s):  
Hassan Hamie ◽  
Anis Hoayek ◽  
Hans Auer
Keyword(s):  
Game Theory ◽  
Statistical Tests ◽  
Parametric Method ◽  
Linear Complementarity Problems ◽  
Market Concentration ◽  
Cournot Equilibrium ◽  
Gas Markets ◽  
Gas Market ◽  
Equilibrium Test ◽  
Non Parametric

The question of whether the liberalization of the gas industry has led to less concentrated markets has attracted much interest among the scientific community. Classical mathematical regression tools, statistical tests, and optimization equilibrium problems, more precisely non-linear complementarity problems, were used to model European gas markets and their effect on prices. In this research, the parametric and nonparametric game theory methods are employed to study the effect of the market concentration on gas prices. The parametric method takes into account the classical Cournot equilibrium test, with assumptions on cost and demand functions. However, the non-parametric method does not make any prior assumptions, a factor that allows greater freedom in modeling. The results of the parametric method demonstrate that the gas suppliers’ behavior in Austria and The Netherlands gas markets follows the Nash–Cournot equilibrium, where companies act rationally to maximize their payoffs. The non-parametric approach validates the fact that suppliers in both markets follow the same behavior even though one market is more liquid than the other. Interestingly, our findings also suggest that some of the gas suppliers maximize their ‘utility function’ not by only relying on profit, but also on some type of non-profit objective, and possibly collusive behavior.

Game theory model for a virtual water strategy: Scenarios under rational and semirational game play

2021 ◽  
Author(s):  
Yuan Zhi ◽  
Paul B. Hamilton ◽  
Guoyong Wu ◽  
Ni Hong ◽  
Yuanyuan Sun ◽  
...  
Keyword(s):  
Game Theory ◽  
Virtual Water ◽  
Theory Model ◽  
Game Play ◽  
Virtual Water Strategy ◽  
Water Strategy

Integrity control analysis of natural gas hydrate production wellbore using system method and game theory

2021 ◽  
pp. 104696
Author(s):  
Shengyu Jiang ◽  
Guoming Chen ◽  
Xiangkun Meng ◽  
Dongdong Yang ◽  
Yuan Zhu ◽  
...  
Keyword(s):  
Game Theory ◽  
Natural Gas ◽  
Gas Hydrate ◽  
Control Analysis ◽  
Natural Gas Hydrate ◽  
System Method

Stability Analysis of Supply Chain Cooperation Contract under Asymmetric Information

2010 ◽  
Vol 44-47 ◽  
pp. 794-798 ◽  
Author(s):  
Xin Ma
Keyword(s):  
Game Theory ◽  
Supply Chain ◽  
Repeated Games ◽  
Information Structure ◽  
Transition Period ◽  
Information Economics ◽  
Real Life ◽  
The Other ◽  
Game Equilibrium ◽  
The Stability

The stability of cooperation contract is the result of abandon opportunistic behavior in the process of repeated games among the enterprise and the other subjects in the supply chain from long-term interests, and is also the foundation of healthy development for the whole supply chain. But in real life cooperation contract instability everywhere for a variety of reasons, such as ethical considerations, institutional factors, cultural factors and special reasons during the transition period and so on. From the perspective of information economics and game theory, the main game process of cooperation between enterprise and the other subjects in supply chain is not only the game of information, but also the game of interests. Information structure and the interesting structure are the important factors for the subjects of the game of the implementation of decisions and the basic contractual constraints for cooperative game equilibrium. Cooperation behaviors among the enterprise and the other subjects in the supply chain were studied on the basis of game theory, and the stability of cooperation contract is also being discussed in this paper.

Sign in / Sign up

Export Citation Format

Share Document