TAILIEUCHUNG - Lecture Managerial economics (8e): Chapter 10 - Samuelson, Marks

Chapter 10 - Game theory and competitive strategy. In this context, we could just as well call our approach strategic profit analysis. Nonetheless, the more general term, game theory, remains apt. This name emphasizes the kind of logical analysis evident in games of pure strategy - chess, poker, even war games. | Chapter Ten Game Theory and Competitive Strategy It is a remarkable fact that business strategies are played largely in the mind. Only a small part of the play appears in overt action. Its full scope and depth lie in the payers’ looking backward and forward and running through their minds their alternative moves and countermoves. ~John McDonald, The Game of Business For Discussion A Battle for Air Passengers Three airlines (A, B, and C) are competing for passengers on a lucrative long-haul air route. Sizing up competitive situations Elements common to all competitive situations: Players and Their Actions Outcomes and Payoffs Underlying “Rules” Sizing up competitive situations Elements that differ across competitive situations: Number of Competitors Degree of Mutual Interest Communication and Agreement among Competitors Repeated or One-Shot Competition Amount of Information Analyzing payoff Tables Jockeying in the TV Ratings Game Equilibrium Strategies Market-Share Competition The .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Decision making applications
• Economic decision making
• Game theory
• Competitive strategy
• Market interactions
• Fundamentals of managerial economics
• Marginal analysis
• Marginal benefit
• Economic principles
• Kinh tế học quản lý
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Forms of money
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production