Research on the Complex Dynamic Characteristics and RLS Estimation’s Influence Based on Price and Service Game

Junhai Ma and Zhanbing Guo

Mathematical Problems in Engineering, 2015, vol. 2015, 1-13

Abstract:

Considering that the real competitions in service market contain two important factors, price and service, we build a dynamical price and service game model and study the complex dynamics of this bivariate game. Some special properties about the adjustment of service are noted by comparing our innovative bivariate game model with previous univariate game model. Besides, we discuss the stabilities of fixed points and compare the price and service game with price game. What is more, the recursive least-squares (RLS) estimation is introduced to substitute naive estimation; then the impacts of RLS estimation are studied by comparing it with naive estimation.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnlmpe:302506

DOI: 10.1155/2015/302506

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