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A Game of Two Elderly Care Facilities: Competition, Mothballing Options, and Policy Implications
Joint Authors
Wang, Congcong
Zhao, Yingxue
Chen, Rongda
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-12, 12 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-08-30
Country of Publication
Egypt
No. of Pages
12
Main Subjects
Abstract EN
This article develops a model to investigate the entry strategies of private investors to the elderly care service market, with the purpose of explaining the reasons behind dilemma of low signing rate plaguing China’s Public-Private Partnership projects.
We focus on the competition between two private investors with or without mothballing options under price uncertainty.
After the derivation of equilibria of entry strategies, we employ numerical examples to analyze the dependencies of entry thresholds on market parameters, cost parameters, subsidy, and possession of mothballing option.
Conclusions are drawn and some policy implications are given with the intention to alleviate the problem of low signing rate.
American Psychological Association (APA)
Wang, Congcong& Zhao, Yingxue& Chen, Rongda. 2016. A Game of Two Elderly Care Facilities: Competition, Mothballing Options, and Policy Implications. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-12.
https://search.emarefa.net/detail/BIM-1112006
Modern Language Association (MLA)
Wang, Congcong…[et al.]. A Game of Two Elderly Care Facilities: Competition, Mothballing Options, and Policy Implications. Mathematical Problems in Engineering No. 2016 (2016), pp.1-12.
https://search.emarefa.net/detail/BIM-1112006
American Medical Association (AMA)
Wang, Congcong& Zhao, Yingxue& Chen, Rongda. A Game of Two Elderly Care Facilities: Competition, Mothballing Options, and Policy Implications. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-12.
https://search.emarefa.net/detail/BIM-1112006
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1112006