School of Mathematical and Statistical Sciences Faculty Publications and Presentations
Document Type
Article
Publication Date
2022
Abstract
With the innovation and integration of the Internet and the financial industry, the third-party payment market has developed greatly and has great potential. This paper discusses the duopoly game between third-party payment service providers and banks, which are the main participants in the mobile payment market. By constructing Nash game model, the conditions of equilibrium point, stability and bifurcation are analyzed. The effects of adjusting parameters and cooperation coefficient on business volume and profit are discussed. The conclusions are as follows: excessive investment will lead to unpredictable fluctuations in the market and fall into chaos; By strengthening cooperation, all participants in the mobile payment industry chain can improve business volume and profits while curbing chaos in the mobile payment market.
Recommended Citation
Jiang, Hui, Junhai Ma, and Zhaosheng Feng. "Game between the third party payment service provider and bank in mobile payment market." IFAC-PapersOnLine 55.10 (2022): 3058-3063. https://doi.org/10.1016/j.ifacol.2022.10.198
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Publication Title
IFAC-PapersOnLine
DOI
10.1016/j.ifacol.2022.10.198
Comments
Copyright 2022 The Authors. This is an open access article under the CC BY-NC-ND license