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| According to the actual situation of oligarchs price game in Chinese insurance market, we innovation to considering the influence of profit and market share factors to the oligarchs decision-making synthetically, and have the further consideration on the impacts of different price adjustment speed and the different scales of delay strategies on the game process. And then established the corresponding three oligarchs' price game model with the operation of insurance market, have the analysis to the characteristics of the system's complexity by using nonlinear dynamic system theory, then probe into its complexity evolution trend characteristics. Finally, have the corresponding economic and management sense analysis of the system according to the Lyapunov exponent figure and strange attractor. Through the numerical simulation, confirmed the accuracy of the results. The research conclusion has good guidance meaning for insurance market to keep benign competitive situation and the determination of the game price. |
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| Keywords:Insurance market; Game theory; Oligopoly; Delay decisions |
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