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Biform Games

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Author Info

  • Adam Brandenburger

    ()
    (Stern School of Business, New York University, 44 West Fourth Street, New York, New York 10012)

  • Harborne Stuart

    ()
    (Graduate School of Business, Columbia University, 3022 Broadway, New York, New York 10027)

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.

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File URL: http://dx.doi.org/10.1287/mnsc.1060.0591
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Bibliographic Info

Article provided by INFORMS in its journal Management Science.

Volume (Year): 53 (2007)
Issue (Month): 4 (April)
Pages: 537-549

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Handle: RePEc:inm:ormnsc:v:53:y:2007:i:4:p:537-549

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Web page: http://www.informs.org/
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Related research

Keywords: noncooperative game; efficiency; business strategy; cooperative game;

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Citations

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Cited by:
  1. Ramon Casadesus-Masanell & Gastón Llanes, 2011. "Mixed Source," Management Science, INFORMS, vol. 57(7), pages 1212-1230, July.
  2. Feess, Eberhard & Thun, Jörn-Henrik, 2014. "Surplus division and investment incentives in supply chains: A biform-game analysis," European Journal of Operational Research, Elsevier, vol. 234(3), pages 763-773.
  3. Adegbesan, Tunji, 2007. "Strategic factor markets: Bargaining, scarcity, and resource complementarity," IESE Research Papers D/666, IESE Business School.
  4. Toshihiro Matsumura & Noriaki Matsushima, 2010. "Patent licensing, bargaining, and product positioning," ISER Discussion Paper 0775, Institute of Social and Economic Research, Osaka University.
  5. Hung, Yick-Hin & Li, Leon Y.O. & Cheng, T.C.E., 2013. "Transfer of newsvendor inventory and supply risks to sub-industry and the public by financial instruments," International Journal of Production Economics, Elsevier, vol. 143(2), pages 567-573.
  6. Aust, Gerhard & Buscher, Udo, 2014. "Cooperative advertising models in supply chain management: A review," European Journal of Operational Research, Elsevier, vol. 234(1), pages 1-14.
  7. Jason Barr & Francesco Passarelli, . "Who Has the Power in the EU?," Working Papers Rutgers University, Newark 2004-005, Department of Economics, Rutgers University, Newark.
  8. Stuart Jr., Harborne W., 2007. "Creating monopoly power," International Journal of Industrial Organization, Elsevier, vol. 25(5), pages 1011-1025, October.
  9. Summerfield, Nichalin S. & Dror, Moshe, 2013. "Biform game: Reflection as a stochastic programming problem," International Journal of Production Economics, Elsevier, vol. 142(1), pages 124-129.
  10. Kirsten Foss & Nicolai J. Foss, . "Creating, Capturing and Protecting Value: A Property Rights-based View of Competitive Strategy," IVS/CBS Working Papers 2002-03, Department of Industrial Economics and Strategy, Copenhagen Business School.
  11. Plambeck, Erica L. & Taylor, Terry A., 2004. "Implications of Renegotiation for Optimal Contract Flexibility and Investment," Research Papers 1889, Stanford University, Graduate School of Business.
  12. Palsule-Desai, Omkar D. & Tirupati, Devanath & Chandra, Pankaj, 2013. "Stability issues in supply chain networks: Implications for coordination mechanisms," International Journal of Production Economics, Elsevier, vol. 142(1), pages 179-193.
  13. Harald Wiese, 2012. "Values with exogenous payments," Theory and Decision, Springer, vol. 72(4), pages 485-508, April.
  14. Joseph M. Ostroy & Louis Makowski, 2001. "Perfect Competition and the Creativity of the Market," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 479-535, June.

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