This article is cited in 6 papers

Control in Social and Economic Systems

Modelling behaviour of economic agents in “manufacturer-mediator-competitive market” system

G. Algazin, J. Algazina

Altai State University

Abstract: The management problem is considered for a “manufacturer-mediator-market” system. The model accounts for asymmetric information and limited rationality of economic agents. Cournot and Stackelberg equilibria are calculated and analyzed. The relation is studied between the profit of a manufacturing firm and the size of its distribution network in a competitive market. Applications include agents’ interactions organization and distribution network optimization.

Keywords: manufacturing firm, distributors, interaction, mode-based approach, competitive equilibrium, Cournot, Stackelberg, gamma-one strategy.

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