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《Complex Systems and Complexity Science》 2013-02
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Study on the Dynamical Model of a Triopoly Game in Insurance Market

XU Wei,MA Jun-hai(Tianjin University,College of Management and Economics,Tianjin 300072,China)  
We consider the dynamical model of a triopoly price game in insurance market.In this model,one makes adaptive decision,the other two make decision with bounded rationality,then the differential equation model of triopoly price game is obtained.The system has only one Nash equilibrium.The stability and the existence of Hopf bifurcation of the system are studied.Numerical simulation results have further confirmed the accuracy of the theory and shown the dynamical behavior of the system.The insurance companies make decision in the price game with delay,they must choose appropriate value of the delayed parameter and decrease the speed of price adjustment.The system will become stable as soon as possible.
【CateGory Index】: F224;F842
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