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This paper introduces Bertrand's price game model and analyzes equilibrium prices for different online advertising market structure. The result shows that price of integrated complementary services is lower than non-integrated services. Among the market structure, vertical integration can achieve economies of scope and increase welfare. This is also benefit of parties for online advertising industry...
With the flourishing rise of the Internet of Things (abbreviation is IOT) in recent years, the important role of governments played in regulating the development of IOT's innovation has been paid more and more attention. On the basis of the Game theory, this article explores the game analysis between the researchers of IOT and the regulation of the government, and the Nash equilibrium is concluded...
Inspired by the basic concepts of CAS, this paper suggests that firms' adaptive behaviors are one of the driving forces which push the evolution of industrial clusters, and hence proposes Swarm simulation model of the evolution of industrial clusters based on multi-agents games. The impacts and effects of the geographical factors are discussed. By the analysis of the simulation results, this paper...
Under the influence of interest groups, the decision-making process on intellectual property protection policy tends to be complicated, which also led to increasing intellectual property trade friction. On basis of protection for sale model, the paper analyzed the intellectual property policy-making process from perspective of political economy. The study concluded that: intellectual property protection...
As the development of the culture industry, the market of artworks is growing rapidly. “Artwork share trading”, as a new way of investment, attracts wide attention of the investors, which transforms the artwork investment from “the game of the rich” into the civilians. This new kind of investment makes more people available to invest in the market of artworks, which is an effective practice in culture...
As competition among corporations intensified product life cycle is becoming shorter than ever before. Therefore corporations have to develop new product to survive in the increased competitive market. However, to what degree knowledge of corporation research and development department (R&D) should be shared is the main reason that restricts a corporation's ability to develop new product. Through...
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