Abstract The theory of option games being the combination of two successful theories, namely real options and game theory, has a great potential to applications in many real situations. Although the option games literature is very recent, it has been experimenting a fast growth in the last five years. It considers in the same model, besides the key factors for investment decisions such as uncer...

This paper studies the capacity allocation game between duopolistic airlines which could offer callable products. Previous literature has shown that callable products provide a riskless source of additional revenue for a monopolistic airline. We examine the impact of the introduction of callable products on the revenues and the booking limits of duopolistic airlines. The analytical results demo...

A quantum Cournot game whose classical form game has multiple Nash equilibria is examined. Although the classical equilibria fail to be Pareto optimal, the quantum equilibrium exhibits the following two properties: (i) if the measurement of entanglement between strategic variables chosen by the competing firms is sufficiently large, the multiplicity of equilibria vanishes, and (ii) the more str...

This paper explores the idea of cournot duopoly with homogenous expectations in a context of bounded rationality, where two semipublic firms endeavor to maximize the weighted average of social welfare and their own profit. The stability analysis of the fixed points are analyzed and complex dynamic features including period doubling bifurcations of the unique Nash equilibrium is also investigate...

In this paper, we investigate a duopolistic market with heterogeneous firms under the assumptions of an isoelastic demand and quadratic costs. We obtain sufficient necessary condition local stability Cournot–Nash equilibrium analytically compare it that analogue model linear rather than By approaches symbolic computation, prove diseconomies scale have effect stabilizing game provided cost param...

This paper analyses the effects of peak load pricing on welfare. It introduces a model with three firms, two airlines and one airport, in a two-stage game that solves the airlines duopoly problem in a Bertrand game and the airport’s profit maximisation. Conclusions are different from others in precedent works, which stresses the importance of putting all firms together in the game. Mainly, resu...

This article by modeling a non-cooperative dynamic game tries to improve profitability and competition. This paper has considered how the manufacturer interacts with multiple competitor distributors. Each distributor also determines the optimal distribution price and inventory replenishment policies to maximize their profits. The issue form a non-cooperative dynamic game. Distributors formulate...