Complexity Analysis for Price Competition of Agricultural Products with Regional Brands
The disordered price competition among various agricultural business agents leads to chaos of agricultural products’ prices, which makes it difficult for customers to form stable price expectation and correct brand cognition, restricting the sales of agricultural products with regional brands. Based...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2021-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2021/5460796 |
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| _version_ | 1832560595444957184 |
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| author | Haolong Liu Xin Su Xiaohui Wang Xiao Li |
| author_facet | Haolong Liu Xin Su Xiaohui Wang Xiao Li |
| author_sort | Haolong Liu |
| collection | DOAJ |
| description | The disordered price competition among various agricultural business agents leads to chaos of agricultural products’ prices, which makes it difficult for customers to form stable price expectation and correct brand cognition, restricting the sales of agricultural products with regional brands. Based on the Salop circular market model with bounded rationality and delayed feedback, this paper discusses the complexity in price competition of agricultural products with regional brands. It is found that when the price adjustment speed of agricultural business agents exceeds the stability region, the pricing system of agricultural products with regional brands would appear the phenomenon of periodic bifurcation or chaos. The delayed feedback controlling mechanism of price adjustment could make the pricing system in the chaos state turn to the equilibrium state. Therefore, the price fluctuation of agricultural products with regional brands needs reasonable control from the industrial associations and government departments. |
| format | Article |
| id | doaj-art-500e1246bd45460195ab13de8bdce13f |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-500e1246bd45460195ab13de8bdce13f2025-02-03T01:27:09ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2021-01-01202110.1155/2021/54607965460796Complexity Analysis for Price Competition of Agricultural Products with Regional BrandsHaolong Liu0Xin Su1Xiaohui Wang2Xiao Li3School of Business Administration, Shandong University of Finance and Economics, Jinan 250014, ChinaSchool of Business Administration, Shandong University of Finance and Economics, Jinan 250014, ChinaDepartment of Finance and Economics, Shandong College of Electronic Technology, Jinan 250200, ChinaZhejiang University of Water Resources and Electric Power, Hangzhou 310018, ChinaThe disordered price competition among various agricultural business agents leads to chaos of agricultural products’ prices, which makes it difficult for customers to form stable price expectation and correct brand cognition, restricting the sales of agricultural products with regional brands. Based on the Salop circular market model with bounded rationality and delayed feedback, this paper discusses the complexity in price competition of agricultural products with regional brands. It is found that when the price adjustment speed of agricultural business agents exceeds the stability region, the pricing system of agricultural products with regional brands would appear the phenomenon of periodic bifurcation or chaos. The delayed feedback controlling mechanism of price adjustment could make the pricing system in the chaos state turn to the equilibrium state. Therefore, the price fluctuation of agricultural products with regional brands needs reasonable control from the industrial associations and government departments.http://dx.doi.org/10.1155/2021/5460796 |
| spellingShingle | Haolong Liu Xin Su Xiaohui Wang Xiao Li Complexity Analysis for Price Competition of Agricultural Products with Regional Brands Discrete Dynamics in Nature and Society |
| title | Complexity Analysis for Price Competition of Agricultural Products with Regional Brands |
| title_full | Complexity Analysis for Price Competition of Agricultural Products with Regional Brands |
| title_fullStr | Complexity Analysis for Price Competition of Agricultural Products with Regional Brands |
| title_full_unstemmed | Complexity Analysis for Price Competition of Agricultural Products with Regional Brands |
| title_short | Complexity Analysis for Price Competition of Agricultural Products with Regional Brands |
| title_sort | complexity analysis for price competition of agricultural products with regional brands |
| url | http://dx.doi.org/10.1155/2021/5460796 |
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