Table II. Comparison of independent... | Emerald Publishing

Table II.

Comparison of independent pricing and coordinative pricing

	Independent pricing	Coordinative pricing
Equilibrium market demand Q	$\frac{ζ}{8}$	$\frac{ζ}{2}$
Profit for travel agency π_a	$\frac{ζ^{2}}{64 β}$	$\frac{ζ^{2}}{24 β}$
Profit for cruise company π_b	$\frac{ζ^{2}}{32 β} - c_{f}$	$\frac{43 ζ^{2}}{384 β} - c_{f}$
Profit for cruise port π_c	$\frac{ζ^{2}}{16 β}$	$\frac{37 ζ^{2}}{384 β}$
Benefit of cruise value chain П	$\frac{7 ζ^{2}}{64 β} - c_{f}$	$\frac{ζ^{2}}{4 β} - c_{f}$

	Independent pricing	Coordinative pricing
Equilibrium market demand Q	$\frac{ζ}{8}$	$\frac{ζ}{2}$
Profit for travel agency π_a	$\frac{ζ^{2}}{64 β}$	$\frac{ζ^{2}}{24 β}$
Profit for cruise company π_b	$\frac{ζ^{2}}{32 β} - c_{f}$	$\frac{43 ζ^{2}}{384 β} - c_{f}$
Profit for cruise port π_c	$\frac{ζ^{2}}{16 β}$	$\frac{37 ζ^{2}}{384 β}$
Benefit of cruise value chain П	$\frac{7 ζ^{2}}{64 β} - c_{f}$	$\frac{ζ^{2}}{4 β} - c_{f}$

Note: Detail calculation is based on request