Market Partition in a Dynamic Linear City Game Model

Details

Serval ID
serval:BIB_5BE5F6DBAE1E
Type
Inproceedings: an article in a conference proceedings.
Publication sub-type
Abstract (Abstract): shot summary in a article that contain essentials elements presented during a scientific conference, lecture or from a poster.
Collection
Publications
Title
Market Partition in a Dynamic Linear City Game Model
Title of the conference
Proceedings of EURO XXII, 22nd European Conference on Operational Research
Author(s)
Gallay O. , Hongler M.-O.
Address
Prague, Czech Republic
Publication state
Published
Issued date
07/2007
Pages
225
Language
english
Abstract
We study the market partition between two distinct firms that deliver services to waiting time sensitive customers. In our model, the incoming customers select a firm on the basis of its posted price, the expected waiting time and its location. Using a diffusion process, the market sharing dynamics is described by the time evolution of a boundary point, which exhibits a noise-induced phase transition. Indeed, we are able to analytically characterize a transition between a regime dominated by location considerations and a regime dominated by waiting time considerations.
Create date
15/03/2017 15:30
Last modification date
20/08/2019 14:14
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