The anatomy of a business game
AbstractWe 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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Bibliographic InfoPaper provided by Stockholm School of Economics in its series Working Paper Series in Business Administration with number 2002:8.
Length: 21 pages
Date of creation: 04 Jun 2002
Date of revision:
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Postal: The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, SE 113 83 Stockholm, Sweden
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More information through EDIRC
Business games; learning; microeconomics; modeling; science of simulation/gaming;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-06-13 (All new papers)
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