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Issues of Competition

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Book cover General Systems Theory

Part of the book series: IFSR International Series in Systems Science and Systems Engineering ((IFSR,volume 32))

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Abstract

By employing the concept of Nash equilibria of game theory and relevant methods of reasoning on the intuition of systems research, this chapter investigates the dynamics of a coordinately monopolized market with m incumbent risk-neutral firms: how these firms compete for customers who switch from the product of one company to another by adjusting prices; how their expected profits stay stagnant; why their bases of loyal customers deteriorate while customers become less patient than ever before.

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Acknowledgements

Drs. John Buttermore, Theresa Wajda, and Pavani Tallapally of School of Business, Slippery Rock University, Slippery Rock, PA 16057, U.S.A., also participated in the research presented in this chapter.

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Authors and Affiliations

  1. School of Business, Slippery Rock University School of Business, Slippery Rock, PA, USA

    Jeffrey Yi-Lin Forrest

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  1. Jeffrey Yi-Lin Forrest
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Correspondence to Jeffrey Yi-Lin Forrest .

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Forrest, J.YL. (2018). Issues of Competition. In: General Systems Theory. IFSR International Series in Systems Science and Systems Engineering, vol 32. Springer, Cham. https://doi.org/10.1007/978-3-030-04558-6_17

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