WSEAS Transactions on Mathematics
Print ISSN: 1109-2769, E-ISSN: 2224-2880
Volume 12, 2013
The Dynamic Game between Imported Luxury Car and Domestic Car and Competition Strategy Comparison in Chinese Car Market
Authors: ,
Abstract: Chinese car market has became a differentiated market with the increasing income gap in China. Ac- cording to the differentiation characteristic of Chinese car market, two models are built in this paper: One is output model and the other is price model. Then, the complex dynamic behaviors are analyzed by numerical simulations such as the local stability, three-dimensional dynamic evolutionary map, bifurcation, chaos, Lyapunov exponents, and initial conditions sensitivity analysis. Finally, two models are compared, and the complex dynamic behaviors are explained from the economic viewpoint. The comparison results have theoretical and practical significance for the development of Chinese car industry.
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Keywords: Repeated Game, Complex Dynamics, Output Game, Price Game, Product Differentiation, Chaos, Chinese Car Market