The Impact of Government Policy on Food Pricing Using Game Theory

Abstract

In this research, a model based on the theory of competitive games using Nash equilibrium and in the presence of a retailer for the purpose of food pricing was presented in terms of state competition and policy. Considering the effects of government competition and policy on the issue, we are trying to make a model more in line with real-world conditions and used by managers and practitioners in the food industry. Ultimately, the sensitivity analysis plant production costs were taken and the effect of changes in parameters on the variables of the research was measured.

Keywords: pricing, food products, competition, government policy, game theory.

DOI: 10.7176/IEL/9-4-06

Publication date:May 31^st 2019