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The anatomy of a business game

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Author Info

  • Edman, Jan

    ()
    (Department of Business)

  • Ståhl, Ingolf

    ()
    (Dept. of Business Administration, Stockholm School of Economics)

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    Abstract

    We describe in detail a business game, which has been used extensively in education for a decade. Although the business game is smaller than other games, it is fairly realistic as it includes decisions on investments, production, prices, and advertising. Furthermore, the game has dynamic properties, in that decisions and financial states of the firms carry over from one period to the next. There are not many such detailed descriptions of business games, although this is in demand. Such a complete mathematical description lays ground not only for alterations of the game, but also for developments of new games. It can also provide a link to models used in micro-economic theory.

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    File URL: http://swoba.hhs.se/hastba/papers/hastba2002_008.pdf
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    Bibliographic Info

    Paper provided by Stockholm School of Economics in its series Working Paper Series in Business Administration with number 2002:8.

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    Length: 21 pages
    Date of creation: 04 Jun 2002
    Date of revision:
    Handle: RePEc:hhb:hastba:2002_008

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    Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, SE 113 83 Stockholm, Sweden
    Phone: +46-(0)8-736 90 00
    Fax: +46-(0)8-31 01 57
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    Web page: http://www.hhs.se/
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    Related research

    Keywords: Business games; learning; microeconomics; modeling; science of simulation/gaming;

    This paper has been announced in the following NEP Reports:

    References

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    1. George J. Stigler, 1968. "Price and Non-Price Competition," Journal of Political Economy, University of Chicago Press, vol. 76, pages 149.
    2. Martin Shubik, 1975. "Oligopoly, Theory, Communication and Information," Cowles Foundation Discussion Papers 388, Cowles Foundation for Research in Economics, Yale University.
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    Cited by:
    1. Margaret L. Usdansky, 2003. "Single-Parent Families and Their Impact on Children: Changing Portrayals in Popular Magazines in the U.S., 1900-1998," Working Papers 952, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Research on Child Wellbeing..

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