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Study of the Long-Term and the Short-Term Product Solutions of Dynamical Cournot Model with Durable Goods
耐用品动态古诺模型的长期产量解和短期产量解研究

Keywords: game,Cournot model,long-term profit,the market capacity
博弈
,古诺模型,长期利润,市场容量

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Abstract:

Taking into account of the property that the market capacity for the durable goods changes in time,in this paper,a modified dynamical Cournot model with two firms' simultaneous-move game in the case of only two game stages is presented.Then,two kinds of produce solution when the firms pursue the long-term profits and short-term profits are obtained,respectively.With the comparison and analysis of these solutions,it can be illustrated that the product solution of long-term profit is superior to that of short-term profit.On base of this,a new game model which respectively considers the short-term and short-term profit as the firms' choice of strategy is established,and the result indicated that the two firms will be in the prisoner's dilemma and so have to pursue the short-term profit.

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