Complexity Analysis for Price Competition of Agricultural Products with Regional Brands-Reference-Cited by-同舟云学术

Complexity Analysis for Price Competition of Agricultural Products with Regional Brands

Published:2021-07-22 Issue: Volume:2021 Page:1-11
ISSN:1607-887X
Container-title:Discrete Dynamics in Nature and Society
language:en
Short-container-title:Discrete Dynamics in Nature and Society

Author:

Liu Haolong¹^ORCID,Su Xin¹²,Wang Xiaohui³,Li Xiao⁴⁵^ORCID

Affiliation:

1. School of Business Administration, Shandong University of Finance and Economics, Jinan 250014, China

2. Research Center of Government Performance Evaluation, Shandong University of Finance and Economics, Jinan 250002, China

3. Department of Finance and Economics, Shandong College of Electronic Technology, Jinan 250200, China

4. Zhejiang University of Water Resources and Electric Power, Hangzhou 310018, China

5. College of Management and Economics, Tianjin University, Tianjin 300072, China

Abstract

The disordered price competition among various agricultural business agents leads to chaos of agricultural products’ prices, which makes it difficult for customers to form stable price expectation and correct brand cognition, restricting the sales of agricultural products with regional brands. Based on the Salop circular market model with bounded rationality and delayed feedback, this paper discusses the complexity in price competition of agricultural products with regional brands. It is found that when the price adjustment speed of agricultural business agents exceeds the stability region, the pricing system of agricultural products with regional brands would appear the phenomenon of periodic bifurcation or chaos. The delayed feedback controlling mechanism of price adjustment could make the pricing system in the chaos state turn to the equilibrium state. Therefore, the price fluctuation of agricultural products with regional brands needs reasonable control from the industrial associations and government departments.

Publisher

Hindawi Limited

Subject

Modeling and Simulation

Link

http://downloads.hindawi.com/journals/ddns/2021/5460796.pdf

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