Biform games

Biform games

0.00 Avg rating0 Votes
Article ID: iaor20082321
Country: United States
Volume: 53
Issue: 4
Start Page Number: 537
End Page Number: 549
Publication Date: Apr 2007
Journal: Management Science
Authors: ,
Keywords: game theory
Abstract:

Both noncooperative and cooperative game theory have been applied to business strategy. We propose a hybrid noncooperative–cooperative game model, which we call a biform game. This is designed to formalize the notion of business strategy as making moves to try to shape the competitive environment in a favorable way. (The noncooperative component of a biform game models the strategic moves. The cooperative component models the resulting competitive environment.) We give biform models of various well-known business strategies. We prove general results on when a business strategy, modelled as a biform game, will be efficient.

Reviews

Required fields are marked *. Your email address will not be published.