TY - GEN
T1 - Retailing under Monopolistic Competition
T2 - 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019
AU - Tilzo, Olga
AU - Bykadorov, Igor
N1 - Publisher Copyright:
© 2019 IEEE.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2019/8
Y1 - 2019/8
N2 - The paper presents extensive research on the analysis of the monopolistic competition model altered by adding vertical market interaction with several manufacturers, a retailer and consumers. The analysis of different types of interaction of market participants is given. The characteristic of these situations is presented in terms of the retailer's and manufacturers' profits, special attention is also paid to the consumer surplus function. The comparison of different types of interaction allows us to identify their strengths and weaknesses, and reveals the various possibilities of maintaining the balance. For each situation under consideration, detailed solutions are provided, and ways to further improve the model are proposed.
AB - The paper presents extensive research on the analysis of the monopolistic competition model altered by adding vertical market interaction with several manufacturers, a retailer and consumers. The analysis of different types of interaction of market participants is given. The characteristic of these situations is presented in terms of the retailer's and manufacturers' profits, special attention is also paid to the consumer surplus function. The comparison of different types of interaction allows us to identify their strengths and weaknesses, and reveals the various possibilities of maintaining the balance. For each situation under consideration, detailed solutions are provided, and ways to further improve the model are proposed.
KW - consumer surplus function
KW - Dixit-Stiglitz model
KW - monopolistic competition model
KW - Nash equilibrium
KW - retailer
KW - social welfare function
KW - Stackelberg equilibrium
UR - http://www.scopus.com/inward/record.url?scp=85078048954&partnerID=8YFLogxK
U2 - 10.1109/OPCS.2019.8880233
DO - 10.1109/OPCS.2019.8880233
M3 - Conference contribution
T3 - 2019 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019
SP - 156
EP - 161
BT - 2019 15th International Asian School-Seminar Optimization Problems of Complex Systems, OPCS 2019
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 26 August 2019 through 30 August 2019
ER -