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Author Villena, M.J.; Araneda, A.A.
Title Dynamics and stability in retail competition Type
Year 2017 Publication Mathematics And Computers In Simulation Abbreviated Journal Math. Comput. Simul.
Volume 134 Issue Pages 37-53
Keywords Multi-market oligopoly; Cournot-Nash competition; Economies of scale; Stability; Chaos
Abstract Retail competition today can be described by three main features: (i) oligopolistic competition, (ii) multi-store settings, and (iii) the presence of large economies of scale. In these markets, firms usually apply a centralized decisions making process in order to take full advantage of economies of scales, e.g. retail distribution centers. In this paper, we model and analyze the stability and chaos of retail competition considering all these issues. In particular, a dynamic multi-market Cournot Nash equilibrium with global economies and diseconomies of scale model is developed. We confirm the non-intuitive hypothesis that retail multi-store competition is more unstable than traditional small business that cover the same demand. The main sources of stability are the scale parameter, the number of markets, and the number of firms. (C) 2016 International Association for Mathematics and Computers in Simulation (IMACS). Published by Elsevier B.V. All rights reserved.
Address [Villena, Marcelo J.; Araneda, Axel A.] Univ Adolfo Ibanez, Fac Sci & Engn, Avda Diagonal Torres 2640, Santiago 7941169, Chile, Email: marcelo.villena@uai.cl;
Corporate Author Thesis
Publisher Elsevier Science Bv Place of Publication Editor
Language English Summary Language Original Title
Series Editor Series Title Abbreviated Series Title
Series Volume Series Issue Edition
ISSN 0378-4754 ISBN Medium
Area Expedition Conference
Notes (up) WOS:000392792900004 Approved
Call Number UAI @ eduardo.moreno @ Serial 695
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