Strategic equilibrium price analysis and numerical simulation of preponderant high-tech metal mineral resources
(1. School of Business, Central South University, Changsha 410083, China;
2. Institute of Metal Resources Strategy, Central South University, Changsha 410083, China)
2. Institute of Metal Resources Strategy, Central South University, Changsha 410083, China)
Abstract: Based on exploitation compensation value system of preponderant high-tech metal mineral resources and distortion of pricing mechanism, social utility function was constructed to modify decision utility function of developers, and was extended to Stackelberg production decision model of preponderant high-tech metal mineral resources development. Analyzing the influences on market monopoly, output and price decision-making exerted by altruistic preferences, inequity aversion and sequential reciprocity fairness belief equilibrium, game fairness equilibrium which is significant in experimental economics can be obtained and verified by numerical simulation. In process of strategic pricing, method that uses the variation of producer surplus to measure strategic value from psychological preferences was proposed for the first time and technical support to improve exploitation compensation value system of preponderant metal mineral resources was available.
Key words: metal; high-tech mineral; mineral resources; equilibrium price; numerical simulation