Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1142316 | Operations Research Letters | 2013 | 6 Pages |
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.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Hamed Ghasemieh, Mohammad Ghodsi, Hamid Mahini, Mohammad Ali Safari,