On the uniqueness and stability of equilibrium in quality-speed competition with boundedly-rational customers: The case with general reward function and multiple servers
On the uniqueness and stability of equilibrium in quality-speed competition with boundedly-rational customers: The case with general reward function and multiple servers
复制标题
有限理性顾客质量速度竞争均衡的唯一性和稳定性:一般奖励函数和多服务器情况
DOI:
10.1016/j.ijpe.2017.08.026
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发表时间:
2017
影响因子:
12
通讯作者:
Lian Zhaotong
中科院分区:
文献类型:
--
作者:
Li Xin;Li. Qingying;Guo Pengfei;Lian Zhaotong
In this paper, we extend the service-speed competition game with boundedly rational customers considered in Li et al. (2016) to the case with general reward function and multiple servers. TheNservers make strategic decisions on their service rates sequentially and repeatedly. Since the competing servers' payoff functions can only be expressed by an implicit-function set, we propose a matrix method to derive the uniqueness of the equilibrium service rates, and we establish the stability of the equilibrium through a tatônnement scheme. By conducting a sensitivity analysis regarding the number of competing servers and the demand density, we find that the server competition benefits the customers by improving their utilities as well as getting more customers to be served. Furthermore, for a fixed demand density, the equilibrium service rate increases in the market size and converges to a certain level when the market size is large enough.