Research Article
Bertrand Game with Nash Bargaining Fairness Concern
Table 6
The impact of fairness concern on player 1’s expected utility u1 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 | 62.3665 | 60.9421 | 58.8910 | 92.2748 | 117.1577 | 104.0040 | 80.1275 | 78.6702 | 88.3987 | | Case (b): = 0.5 | 60.6264 | 60.2730 | 59.2529 | 79.0113 | 84.5537 | 68.1412 | 45.8383 | 60.0612 | 71.7155 | | Case (c): = 0.8 | 58.0051 | 58.3951 | 58.5372 | 51.9636 | 33.3653 | 23.6618 | 13.6877 | 39.1732 | 45.8839 |
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