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[会议论文]

Two bargain game models of the second-hand housing commence

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author:

Wang, R. (Wang, R..) [1] | Li, D.-F. (Li, D.-F..) [2]

Indexed by:

Scopus

Abstract:

The aim of this paper is to discuss a bargaining problem between sellers and buyers in the case of the final price of the house for sale in the second-hand house market. Two bargaining models are established for the sellers and buyers in indefinite period and finite period. For the indefinite period, the complete equilibrium solution of the bargaining game between the buyers and sellers is obtained. Hereby, imposing some constraints on the time, the game equilibrium solution on the second stage is obtained. At the same time, a multiple game model is constructed and the commence point is discussed. The result shows that the game between sellers and buyers depends on the ratio of each one’s discount factor. The time and commitment between sellers and buyers increase the sellers’ cost, hence the final price can only be implemented within a certain range, which is related with the proposal cost of sellers, the number of games, and the punishment cost in each round. © Springer Nature Singapore Pte Ltd. 2017.

Keyword:

Bargaining; Equilibrium; Game model; The second-hand housing commence

Community:

  • [ 1 ] [Wang, R.]School of Economics and Management, Fuzhou University, Fuzhou, Fujian 350116, China
  • [ 2 ] [Wang, R.]School of Business Management, Fujian Jiangxia University, Fuzhou, Fujian 350108, China
  • [ 3 ] [Li, D.-F.]School of Economics and Management, Fuzhou University, Fuzhou, Fujian 350116, China

Reprint 's Address:

  • [Li, D.-F.]School of Economics and Management, Fuzhou UniversityChina

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Source :

Communications in Computer and Information Science

ISSN: 1865-0929

Year: 2017

Volume: 758

Page: 72-85

Language: English

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count: 1

30 Days PV: 1

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