Game Equilibrium of the Same Products Price Competitive of Real Estate Based on Rank Dependent Utility Theory

DOI

10.2991/msmi-14.2014.59How to use a DOI?

Keywords

Rank-dependent utility theory, Real estate development projects, Price competition, Game equilibrium.

Abstract

The projects show the homogenization of the competition state with the steady development of the real estate development. Based on the rank dependent utility theory and the traditional homogeneous product price competition between developers, this paper builds price competition game model of the homogeneous product and analysis competitive equilibrium in the price. Finally it discusses the influence of the main game equilibrium results in the emotional preference.

Copyright

© 2014, 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  - Yong Xiang
AU  - Qin Fu
AU  - Shan Wu
PY  - 2014/06
DA  - 2014/06
TI  - Game Equilibrium of the Same Products Price Competitive of Real Estate Based on Rank Dependent Utility Theory
BT  - Proceedings of the 2014 International Conference on Management Science and Management Innovation
PB  - Atlantis Press
SP  - 324
EP  - 328
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-14.2014.59
DO  - 10.2991/msmi-14.2014.59
ID  - Xiang2014/06
ER  -