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Application on Game Theory: Cement Industry in Egypt - Arabian Cement Company
Current Issue
Volume 6, 2018
Issue 3 (September)
Pages: 49-56   |   Vol. 6, No. 3, September 2018   |   Follow on         
Paper in PDF Downloads: 45   Since Jul. 25, 2018 Views: 606   Since Jul. 25, 2018
Authors
[1]
Doaa Mohamed Salman Abdou, Department of Economics, October University for Modern Sciences and Arts (MSA), Giza, Egypt.
[2]
Nadeen Sherif El Adaway, Department of Economics, October University for Modern Sciences and Arts (MSA), Giza, Egypt.
Abstract
This research paper explores the cement industry in Egypt by overlooking the history of the industry and taking the Arabian cement company as an example. The cement industry in Egypt is performing price discrimination as a result of the high market power that the firms have. To understand more about price discrimination and game theory, a literature review has been made in the paper about is price discrimination, the types of price discrimination, game theory, strategies of game theory and relation between price discrimination and game theory. Last but not least, a case study about the industry in Egypt is made during the period of 2013-2017, and it was concluded that the cement market in Egypt is an oligopoly and third degree price discrimination is done by competitors in the market and game theory strategies are applied.
Keywords
Game Theory, Price Discrimination, Industry
Reference
[1]
Arabian Cement Co. (2018). Quantitative Equity Report. Morningstar.
[2]
Armstrong, M. (2006, October). Price Discrimination. pp. 1-38.
[3]
Askar, Y., Jago, P., Mourad, M. M., & Huisingh, D. (2010). THE CEMENT INDUSTRY IN EGYPT: Challenges and innovative Cleaner Production solutions. Knowledge Collaboration & Learning for Sustainable Innovation.
[4]
Basar, T. (2014). Game Theory: Historical Overview. Encyclopedia of Systems and Control.
[5]
CARANA. (2002). The Results and Impacts of Egypt’s Privatization Program. United States Agency for International Development.
[6]
Dragasevic, Z., Rakocevic, S., & Glisevic, N. (2011). THE APPLICATION OF THE GAME THEORY TO THE OLIGOPOLISTIC MARKET. 15th International Research/Expert Conference " Trends in the Development of Machinery and Associated Technology”, 929-932.
[7]
Global Investment House. (2009). Egypt Cement Sector Against all odds. Global Investment House KSCC.
[8]
IFC. (2016). Unlocking Value: Alternative Fuels For Egypt’s Cement Industry. International Finance Corporation: World bank.
[9]
Iwaszczuk, N., & Kavalets, I. (2013). Oligopolistic market: stability conditions of the equilibrium point. ECONTECHMOD, 2 (1), 15-22.
[10]
Machlup, F. (1955). CHARACTERISTICS AND TYPES OF PRICE DISCRIMINATION. In Business Concentration and Price Policy (pp. 397 - 440).
[11]
Rosenberg, S., & O’Halloran, P. (2014). Firm Behavior In Oligopolistic Markets: Evidence From A Business. Journal of Business Case Studies, 10 (3), 239-254.
[12]
Sagi, G. (2008). The oligopolistic pricing problem: A suggested price freeze remedy. Bus. L. Rev, 1-77.
[13]
Sarafidis, Y. (2004). “Inter-temporal Price Discrimination with Time Inconsistent Consumers”. Department of Economics and Political Science, INSEAD, 1-40.
[14]
Vanderborght, B., Koch, F., Grimmeissen, L., Wehner, S., Heersche, P. H., & Degré, J.-P. (2016). Low-Carbon Roadmap for the Egyptian Cement Industry. Project “Egypt: Technology and Policy Scoping for a Low-Carbon Egyptian Cement Industry”. European Bank for Reconstruction and Development (EBRD), 1-35.
[15]
Varian, H. R. (1987). PRICE DISCRIMINATION. In Handbook of industrial organization, (pp. 597-654).
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