Open AccessOptimal pricing strategies based on time delay in multi-service networks with priority
Author(s) -
Jin Fude,
Yuanwei Jing,
Jianhua Zhou,
K. Sohraby,
Georgi M. Dimirovski
Publication year - 2005
Publication title -
facta universitatis. series electronics and energetics/facta universitatis. series: electronics and energetics
Language(s) - English
Resource type - Journals
eISSN - 2217-5997
pISSN - 0353-3670
DOI - 10.2298/fuee0503547f
Subject(s) - stackelberg competition , incentive , game theory , nash equilibrium , computer science , service (business) , best response , operations research , mathematical optimization , mathematical economics , microeconomics , economics , business , mathematics , marketing
The problem of pricing equilibrium of multi-service priority-based net- work is studied by using incentive strategy in Stackelberg game theory. First some concepts in game theory were introduced. Then, the existing results on two-user two-level Nash problem was introduced briefly. A new one-leader two-user two-level incentive Stackblberg strategy is presented by employing the time delay in the strategy.