The Analysis of Nash Equilibrium on second-hand housing transactions Based on the Final-offer Arbitration Model

DOI

10.2991/icssed-19.2019.31How to use a DOI?

Keywords

Final-offer Arbitration, Weibull distribution, Rayleigh distribution, Pareto distribution.

Abstract

Taking the second-hand housing transactions as example, this paper carries out modeling description on final-offer arbitration model. And then the Nash equilibrium solution of a bargaining problem between sellers and buyers in the final price of the houses for sale in the second-hand house market is analyzed in the final-offer arbitration model. Finally, The analysis of Nash Equilibrium on Final-offer Arbitration Model is given under the Weibull distribution, the Rayleigh distribution and Pareto distribution. The high-yielding is obtained by the parties to the dispute rationally.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Feng Jingjing
AU  - Hu Yan
PY  - 2019/05
DA  - 2019/05
TI  - The Analysis of Nash Equilibrium on second-hand housing transactions Based on the Final-offer Arbitration Model
BT  - Proceedings of the 2019 4th International Conference on Social Sciences and Economic Development (ICSSED 2019)
PB  - Atlantis Press
SP  - 173
EP  - 176
SN  - 2352-5398
UR  - https://doi.org/10.2991/icssed-19.2019.31
DO  - 10.2991/icssed-19.2019.31
ID  - Jingjing2019/05
ER  -