Application on Game Theory: Cement Industry in Egypt - Arabian Cement Company
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Date
7/25/2018
Authors
Journal Title
Journal ISSN
Volume Title
Type
Article
Publisher
open science
Series Info
American Journal of Business, Economics and Management;2018; 6(3): 49-56
Doi
Scientific Journal Rankings
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.
Description
MSA GOOGLE SCHOLAR
Keywords
October University for university of Industry, Price Discrimination, Game Theora
Citation
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. 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).