TOPIC 1: MARKET STRUCTURE AND MARKET POWER 1.1. Competitors Anyone that produces a substitute for a firm’s product. - Cross price elasticity: Measures the substitution degree of a product for another. P.E.>1 – The demand is elastic, a change in price is reflected as an even major change in demand. The extent of the variation is higher as higher is the substitution degree of a product for another. We can say two firms are competing when a price increase by one firm, drives its customers to the other
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and the sixth digit designates the national industry. Section II—Game Theory and Hypothesis 2a In the set-up to Hypothesis 2a, the authors discuss the notion that players learn from past experiences and have a perfect memory. They discuss a “tit-for-tat” strategy that should over time result in an attenuation of the competitive moves between players. This interaction over time should make it easier for a firm to predict the direction and nature of their rival’s next (competitive) move. The authors
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The prisoners’ dilemma is the best-known game of strategy in social science. It helps us understand what governs the balance between cooperation and competition in business, in politics, and in social settings. In the traditional version of the game, the police have arrested two suspects and are interrogating them in separate rooms. Each can either confess, thereby implicating the other, or keep silent. No matter what the other suspect does, each can improve his own position by confessing. If the
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Bởi vì em độc thân nên chẳng mấy khi em bước chân vào những gian hàng dành cho nam giới. Những nơi em lui tới khi mua sắm, nếu có bán đồ nam, em cũng chẳng buồn nhìn ngắm. Thật tiết kiệm thời gian... và tất nhiên... cả tiền bạc nữa :"> :"> :"> Bởi vì em độc thân nên em toàn đi ăn hàng. Chẳng việc gì phải nấu nướng cho gian nan để rồi một mình tự ăn, tự rửa. Bởi vì em độc thân, em sẽ thoải mái nhìn ngắm những cặp tình nhân đang đong đưa hờn dỗi, rồi cười *** nẻ khi thấy họ có những hành động thật…
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hình, xin chào khán giả giường quay và xin chào anh MC …tên em là Phò . Đến với chương trình , em có 1 mục đích là muốn khẳng định cho khán giả cả nước biết được rằng , em …em là người có học thức cao , có tầm am hiểu kiến thức đáng nể , là người mà tất cả nước tí nữa thôi sẽ phải trầm trồ ca ngợi , vâng , em xin hết . - Ừ , tôi nhận thấy bạn là người rất tự tin , vậy bạn đến đây cùng người trợ giúp tinh thần của mình là ai ? - Vâng , cám ơn anh , nhưng vì em giỏi thật , nên
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RICHARD DAWKINS-The Selfish Gene. Ebook v1.0. 'Who should read this book? Everyone interested in the universe and their place in it.' Jeffrey R. Baylis, Animal Behaviour Our genes made us. We animals exist for their preservation and are nothing more than their throwaway survival machines. The world of the selfish gene is one of savage competition, ruthless exploitation, and deceit. But what of the acts of apparent altruism found in nature-the bees who commit suicide when they sting to protect the
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sick, visit him at the hospital with some flowers and wish him a quick recovery. Chances are your strained relationship with him will get better too, as a result. Never stoop to their level ! Don't fight fire with fire. If you start returning tit for tat, you are no better than they. Two negatives don't make a positive. Don't resort to revenge, no matter how tempted you might be. Some gossip-mongers might entice you to a cat-fight by saying, "Did you hear what [jealous person] said about you?".
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"Tit for tat, butter for fat, you kill my rat, I kill your cat." These phrases are used when individuals try to outsmart each other. In the story of "B'er Bouki, B'er Partridge and the cow", Patricia Glinton contrasted the traits, families and work ethics of two best friends who entered a contract with a wealthy farmer to purchase his cow. The agreement stated that they both agreed to complete three major tasks for the wealthy farmer as payment to obtain the cow, because these men were too poverty-stricken
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In the “Cola Wars Continue: Coke and Pepsi in 2010” the history of Carbonated Soft Drinks (CSD) and its development in modern society illustrates how these two companies advance and compete within an oligopoly market. One of the approaches used in oligopolies is the Game Theory Approach. The basic elements of game theory are (1) the players, (2) the strategies available for each, and (3) the payoff each receives. There are different “battlefields” on which Coke and Pepsi compete: products, pricing
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Moreover, in most cases of macroeconomic downturns, countries such as Asia in 1990s will resort to export-push policies to stimulate the economy and a race to affordable transport options; these could enlarge the volume of outgoing freight flows. 2.3 Tit-for-Tat Strategy against Competitors’ Cascading: On a macro level, an expansion move to Asia-NA route will be a strong hit on their competitors “on their profit pool”, and also serve as a possible strategic tool to thwart competitors’ threat of cascading
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