Duopoly Equilibrium in Social Network Markets

Please enable javascript in your browser.

Rostamian, Mahdieh | 2012

517 Viewed

Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 43670 (02)
University: Sharif University of Technology
Department: Mathematical Sciences
Advisor(s): Ramezanian, Rasol; Abam, Mohammad Ali
Abstract:
Economics have been thought about market, trade and money in many eras. During years, several issues regarding markets and making economic decisions have become more complicated, due to population growth and changes in market structure.we are going to discuss the classic model of Cournot in social networks in two competence companies which both produce identical products. Each individual considers a value for each product. lf friend it an individual buy a product then it can effect the individual's value of product. In this model, each company decides on quantity of its products and the selling price of products is calculated based on the amount of all productions. In Cournot model, at the same time, companies decide on the quantity of products.
Keywords:
Competition ; Social Networks ; Game Theory ; Economic ; Cournot Model