Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The International Trade Between Countries in the Cosmetics Industry

Authors
Kangni Li1, *
Shanghai Starriver Bilingual School, Shanghai, 201108, China
*Corresponding author. Email: guanghua.ren@gecacademy.cn
Corresponding Author
Kangni Li
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.006How to use a DOI?
Keywords
Game theory; Cosmetics; Trade; Economics
Abstract

Last century, the famous scholar John Nash first introduced his theory about “the Nash equilibrium” and introduced to more people the abstract concept of game theory. With his mathematical abilities, he formulated models that can be better explained and analyzed. His founding was also very interesting and could be applied to different fields during research. Game theory is the study of strategic interactions between rational players, which has been applied in many fields such as sociology, economics, and mathematics. Its importance reveals that using the intricate models to explain different situations. This paper adopts the game theory to analyze the cosmetics industry, which is one very important industry in the world. The model was built, which imitates the collaborations between a retailer and a supplier. The research done has the purpose of illustrating the collaborations between people under the severe condition of Covid-19.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.006How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Kangni Li
PY  - 2022
DA  - 2022/03/26
TI  - The International Trade Between Countries in the Cosmetics Industry
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 32
EP  - 38
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.006
DO  - 10.2991/aebmr.k.220307.006
ID  - Li2022
ER  -