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Hindi Disruption, Frantic Purchasing and Pricing: An In-Depth Game-Theoretic Analysis
*Corresponding Author:Received Date: Apr 02, 2024 / Accepted Date: Apr 30, 2024 / Published Date: Apr 30, 2024
Citation: Joanna W (2024) Disruption, Frantic Purchasing and Pricing: An In- Depth Game-Theoretic Analysis. Int J Adv Innovat Thoughts Ideas, 12: 268.DOI: 10.4172/2277-1891.1000268
Copyright: © 2024 Joanna W. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
This article presents an in-depth game-theoretic analysis of the interplay between disruption, frantic purchasing, and pricing dynamics in various economic contexts. Disruptions, ranging from natural disasters to supply chain disruptions, often trigger panic buying behavior among consumers, leading to volatile pricing dynamics in the market. By employing game theory, we examine the strategic interactions between suppliers and consumers in response to disruptions, exploring how pricing strategies and purchasing behaviors influence market outcomes. Through theoretical analysis and real-world case studies, we uncover the complexities of equilibrium outcomes and the implications for economic stability. This study contributes to a deeper understanding of the strategic responses to disruptions and provides insights for policymakers and market participants seeking to mitigate the adverse effects of disruptions on society and the economy.
