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GAME THEORY USED IN POTASH FERTILIZER IMPORT PRICES
CAI Min, ZENG Lu
Resources & Industries    2011, 13 (1): 12-15.  
Abstract1562)      PDF(pc) (1227KB)(1499)       Save

Potash is a major source of potash fertilizer in agriculture. China as a big agricultural nation has a 20% of potash fertilizer demand worldwide, but very poor in China’s potash resource, and 70% depending on import. A stable and rational import price is a vital point in potash fertilizer industry. This paper adopts game theory and benefit-cost analysis to discuss how to reach a purchase contract with rational prices for China’s potash importers, aims to keep a stable development of potash fertilizer industry and to guarantee a sustainable increment of agricultural development and national economy.

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