Research Article
Bertrand Game with Nash Bargaining Fairness Concern
Table 1
The impact of fairness concern on player 1’s price p1 under three cases.
| | p1 | ϕ1=0.1, | ϕ1=0.1, | ϕ1=0.1, | ϕ1=1.0, | ϕ1=2.0, | ϕ1=2.0, | ϕ1=2.0, | ϕ1=1.0, | ϕ1=1.0, | | ϕ2=0.1 | ϕ2=1.0 | ϕ2=2.0 | ϕ2=2.0 | ϕ2=2.0 | ϕ2=1.0 | ϕ2=0.1 | ϕ2=0.1 | ϕ2=1.0 |
| | Case (a): = 0.3 | 6.4198 | 6.3242 | 6.2168 | 6.2039 | 6.1636 | 6.1524 | 6.0496 | 6.1939 | 6.1999 | | Case (b): = 0.5 | 6.4093 | 6.3482 | 6.2756 | 6.1890 | 6.0551 | 5.9659 | 5.7822 | 6.1091 | 6.1761 | | Case (c): = 0.8 | 6.3920 | 6.3735 | 6.3501 | 6.0301 | 5.6565 | 5.5294 | 5.3708 | 5.8972 | 5.9731 |
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