Quantum Bertrand duopoly with differentiated products

Quantum Bertrand duopoly with differentiated products We apply Li et al.'s “minimal” quantization rules (Phys. Lett. A 306 (2002) 73) to investigate the quantum version of the Bertrand duopoly with differentiated products. In particular, we have examined how the quantum entanglement affects the outcome of the classical game. It is found that while negative entanglement diminishes the profit of each firm below the classical limit, positive entanglement enhances the profit monotonically, reaching a maximum in the limit of maximal entanglement. As a consequence, the frustrating dilemma-like situation is completely resolved in the quantum version of the game. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Physics Letters A Elsevier

Quantum Bertrand duopoly with differentiated products

Loading next page...
 
/lp/elsevier/quantum-bertrand-duopoly-with-differentiated-products-URfnIA921b
Publisher
North-Holland
Copyright
Copyright © 2003 Elsevier B.V.
ISSN
0375-9601
D.O.I.
10.1016/j.physleta.2003.12.013
Publisher site
See Article on Publisher Site

Abstract

We apply Li et al.'s “minimal” quantization rules (Phys. Lett. A 306 (2002) 73) to investigate the quantum version of the Bertrand duopoly with differentiated products. In particular, we have examined how the quantum entanglement affects the outcome of the classical game. It is found that while negative entanglement diminishes the profit of each firm below the classical limit, positive entanglement enhances the profit monotonically, reaching a maximum in the limit of maximal entanglement. As a consequence, the frustrating dilemma-like situation is completely resolved in the quantum version of the game.

Journal

Physics Letters AElsevier

Published: Jan 26, 2004

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off