Bertrand Game with Nash Bargaining Fairness Concern

Table 3

The impact of fairness concern on player 1’s expected profit π₁ under three cases.

	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	59.1670	56.9148	54.5529	55.5108	56.1721	57.6165	58.7238	59.0326	57.3713
Case (b): = 0.5	59.2338	57.6471	55.9488	56.8881	57.2781	57.8962	58.0724	58.8781	57.9937
Case (c): = 0.8	59.3256	58.7071	58.0265	58.1169	57.2960	57.0197	56.4952	58.4528	58.3413