Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)

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

Authors
Hui Wang
Corresponding Author
Hui Wang
Available Online February 2019.
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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Volume Title
Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
February 2019
ISBN
978-94-6252-667-9
ISSN
2352-5428
DOI
10.2991/ssmi-18.2019.74How to use a DOI?
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/).

Cite this article

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  -