文章基本信息

标题：DYNAMIC ANALYSIS OF THE COOPERATION AND COMPETITION RELATIONSHIP IN THE OIL AND GAS INDUSTRY IN ROMANIA
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作者：Doriana Andreea Rămescu ; Nicoleta Sîrghi ; Mihaela Neamțu 等
期刊名称：Oradea Journal of Business and Economics
印刷版ISSN：2501-1596
电子版ISSN：2501-3599
出版年度：2019
卷号：4
期号：2
页码：16-25
语种：English
出版社：Oradea University Press
摘要：The aim of the paper is to analyse the cooperation and competition relationship in the oil and gas industry in Romania using the game theory. The players are the companies, the payoffs are the profits obtained by the entities and there are two strategies as cooperation and competition. Two cases are considered: duopolistic and triopolistic market. The mathematical models have as variables the probabilities of choosing cooperation and competition by each player. They are described by two and three nonlinear differential equations. The time delay is introduced in order to highlight the time between choosing a strategy and its effect. The case studies use real data for two and three companies, respectively, with two scenarios related to the obtained payoffs if they cooperate or not. The time evolutions of the variables are carried out using Wolfram Mathematica 9. Finally, some conclusions and future research are drawn.