Study on Game Model of Soybean Price: A Case Study of China-US Trade War

DOI

10.2991/ssmi-18.2019.74How to use a DOI?

Keywords

Price Change; Price Dynamic Game Model; Nash Equilibrium.

Abstract

In China's soybean import market, according to the market share of all countries in China's soybean import market over the years, it is judged that China's soybean import market is a typical duopoly market. In this paper, Brazil and the United States are regarded as two monopoly manufacturers in China's soybean imports, and a dynamic decision-making model composed of these two monopoly manufacturers is established. The chaotic characteristics of the system are analyzed by numerical simulation, bifurcation diagram and maximum Lyapunov exponent. The stability of Nash equilibrium point of the system is observed. It provides a theoretical reference for price maintenance of domestic soybean prices which are fluctuated by the China-US trade.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hui Wang
PY  - 2019/02
DA  - 2019/02
TI  - Study on Game Model of Soybean Price: A Case Study of China-US Trade War
BT  - Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)
PB  - Atlantis Press
SP  - 445
EP  - 448
SN  - 2352-5428
UR  - https://doi.org/10.2991/ssmi-18.2019.74
DO  - 10.2991/ssmi-18.2019.74
ID  - Wang2019/02
ER  -