Next Article in Journal
On Isaac’s War Game of Attrition and Attack Using Dynamic Programming Approach
Previous Article in Journal
A Solution to Dynamic Weapon Assignment Problem Based on Game Theory for Naval Platforms
 
 
Search for Articles:
Title / Keyword
Author / Affiliation / Email
Journal
Article Type
 
 
Advanced Search
 
Section
Special Issue
Volume
Issue
Number
Page
 
Journals
Games
Volume 15
Issue 5
10.3390/g15050034
games-logo
Submit to this Journal Review for this Journal Propose a Special Issue
► Article Menu

Article Menu

share Share announcement Help format_quote Cite question_answer Discuss in SciProfiles
first_page
settings
Order Article Reprints
Font Type:
Arial Georgia Verdana
Font Size:
Aa Aa Aa
Line Spacing:
Column Width:
Background:
Article

Simulation of the Stackelberg–Hotelling Game

by
Luis Garcia-Perez
,
Juan Grau-Climent
,
Juan C. Losada
and
Ramon Alonso-Sanz
*
Complex Systems Group, Universidad Politécnica de Madrid, C. Universitaria, 28040 Madrid, Spain
*
Author to whom correspondence should be addressed.
Games 2024, 15(5), 34; https://doi.org/10.3390/g15050034
Submission received: 8 August 2024 / Revised: 30 September 2024 / Accepted: 7 October 2024 / Published: 11 October 2024
(This article belongs to the Section Algorithmic and Computational Game Theory)
Browse Figures
Versions Notes

Abstract

This work studies the Hotelling game with sequential choice of prices, that is, the Stackelberg–Hotelling (SHOT) game. The game is studied through numerical simulation, which provides the subgame perfect equilibrium solution not only in the unrestricted game but also in the game with reservation cost and with elastic demand. The simulation technique is tested first in the unconstrained game, where the analytical subgame perfect equilibrium solution was already known. Then, the numerical procedure is generalized to cope with the SHOT game with reservation cost and with elastic demand. These enriched formulations of the SHOT game have not been studied so far, so this article provides an exploratory study of them.
Keywords: game theory; simulation; Hotelling; Stackelberg; equilibrium game theory; simulation; Hotelling; Stackelberg; equilibrium

Share and Cite

MDPI and ACS Style

Garcia-Perez, L.; Grau-Climent, J.; Losada, J.C.; Alonso-Sanz, R. Simulation of the Stackelberg–Hotelling Game. Games 2024, 15, 34. https://doi.org/10.3390/g15050034

AMA Style

Garcia-Perez L, Grau-Climent J, Losada JC, Alonso-Sanz R. Simulation of the Stackelberg–Hotelling Game. Games. 2024; 15(5):34. https://doi.org/10.3390/g15050034

Chicago/Turabian Style

Garcia-Perez, Luis, Juan Grau-Climent, Juan C. Losada, and Ramon Alonso-Sanz. 2024. "Simulation of the Stackelberg–Hotelling Game" Games 15, no. 5: 34. https://doi.org/10.3390/g15050034

APA Style

Garcia-Perez, L., Grau-Climent, J., Losada, J. C., & Alonso-Sanz, R. (2024). Simulation of the Stackelberg–Hotelling Game. Games, 15(5), 34. https://doi.org/10.3390/g15050034

Note that from the first issue of 2016, this journal uses article numbers instead of page numbers. See further details here.

Article Metrics

Back to TopTop