| Author: | Wie, B.-W. |
| Title: | A dynamic game model of strategic capacity investment in the cruise line industry |
| Journal: | Tourism Management
2005 : APR, VOL. 26:2, p. 203-217 |
| Index terms: | Tourism Travel |
| Freeterms: | Dynamic oligopoly Cruise line industry Capacity investment Iterative algorithm Nash equilibrium |
| Language: | eng |
| Abstract: | In this paper the cruise line industry is characterized as an oligopoly where a finite number of cruise lines compete to maximize their profits over a fixed planning horizon. The oligopolistic competition is modeled as a N-person nonzero-sum noncooperative dynamic game. The noncooperative Nash equilibrium capacity investment strategies of cruise lines are theoretically analyzed under the open-loop information structure. |
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