Article ID Journal Published Year Pages File Type
1142316 Operations Research Letters 2013 6 Pages PDF
Abstract
We consider a market in which two competing sellers offer two similar products on a social network. In this market, each agent chooses iteratively between the products based on her neighbors reactions and prices. This introduces two games: one between the agents and one between the sellers. We show that the first game is a full potential game and provide an algorithm to compute its convergence point. We also study various properties of the second game such as its equilibrium points and convergence.
Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
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