The impact of consumer preferences on the evolution of competition in China’s automobile market under the Dual Credit Policy—A density game based perspective
Ying Xie,
Jie Wu,
Xiao Zhou
et al.
Abstract:The evolution of the automobile market is a macro-expression of the behavior of automakers’ production decisions. This study examines the competitive environment between new energy vehicles (NEVs) and conventional fuel vehicles (CFVs) and develops a game-theoretical model incorporating consumer utility, automaker profit, and the competitive density of NEVs and CFVs. It aims to assess how consumers’ preferences for vehicle range and smart features influence automakers’ strategic decisions and the broader market… Show more
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