Optimal Pricing and Service Investment of Home-Sharing Platforms in a Duopoly Market

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Two equilibria</td><td class="align_center">Dominant equilibrium</td><td class="align_center">Parameter condition</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">SS and LL</td><td class="align_center">SS</td><td class="align_center"><svg height="12.2532pt" id="M116" style="vertical-align:-3.29108pt" version="1.1" viewbox="-0.0498162 -8.96212 74.9152 12.2532" width="74.9152pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M620 675H597C578 656 570 650 541 650H144C112 650 104 653 94 675H72C59 618 42 552 23 493L53 491C71 534 88 564 105 585C124 608 144 615 238 615H290L197 121C182 40 174 34 88 28L82 0H361L367 28C275 34 266 38 281 121L374 615H441C522 615 543 608 553 583C562 560 566 531 565 493L597 494C603 551 612 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650H144C112 650 104 653 94 675H72C59 618 42 552 23 493L53 491C71 534 88 564 105 585C124 608 144 615 238 615H290L197 121C182 40 174 34 88 28L82 0H361L367 28C275 34 266 38 281 121L374 615H441C522 615 543 608 553 583C562 560 566 531 565 493L597 494C603 551 612 629 620 675Z"></path></g><g transform="matrix(.0091,0,0,-0.0091,69.693,3.132)"><path d="M414 144C384 79 371 75 317 75H135L276 221C367 316 408 376 408 465C408 570 327 635 237 635C179 635 131 609 100 575L42 494L67 471C94 510 138 565 205 565C277 565 321 517 321 435C321 348 258 270 195 195C146 137 88 81 33 26V0H411C423 44 433 88 446 135L414 144Z"></path></g></svg></td></tr><tr><td class="align_left">SL and LS</td><td class="align_center">—</td><td class="align_center"><svg height="12.2532pt" id="M118" style="vertical-align:-3.29108pt" version="1.1" viewbox="-0.0498162 -8.96212 74.9152 12.2532" width="74.9152pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path 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573S303 542 303 482C303 409 233 370 141 341L149 308C165 313 190 319 215 319C272 319 341 283 341 193C342 98 292 43 222 43C163 43 122 72 96 94C88 101 79 100 70 94C61 87 47 73 46 60C44 47 48 37 62 23C76 10 118 -12 165 -12C238 -12 430 62 430 223C430 297 379 359 290 375V377Z"></path></g></svg> and <svg height="12.1436pt" id="M119" style="vertical-align:-3.18148pt" version="1.1" viewbox="-0.0498162 -8.96212 74.9152 12.1436" width="74.9152pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.013,0,0,-0.013,0,0)"><path d="M620 675H597C578 656 570 650 541 650H144C112 650 104 653 94 675H72C59 618 42 552 23 493L53 491C71 534 88 564 105 585C124 608 144 615 238 615H290L197 121C182 40 174 34 88 28L82 0H361L367 28C275 34 266 38 281 121L374 615H441C522 615 543 608 553 583C562 560 566 531 565 493L597 494C603 551 612 629 620 675Z"></path></g><g transform="matrix(.0091,0,0,-0.0091,7.176,3.132)"><path d="M414 144C384 79 371 75 317 75H135L276 221C367 316 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Mathematical Problems in Engineering

tab3

Table 3

Table 3: Optimal Pricing and Service Investment of Home-Sharing Platforms in a Duopoly Market 