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Mechanism and models of competitive performance

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  • Pilipuk, A.

Abstract

The study shows the role of the A. Smith’ study in the development of the competitive performance mechanism of industrial organization. We found out and presented three key pushing elements of the mechanism: competitiveness, competitive framework and final result of competition. In theoretical part we proposed and described the difference of main definition around term of economic competition (perfect market, competitive, competitiveness, cooperation, emulation, contest, contention, rivalry). They have been combined in a set of nine key models of competitive performance, justified by its degree of personalization, frequency of exchange operations and classified in terms of game theory (cooperative, non-cooperative) and the main theoretical models of competition: ‘Possession’ and ’Ttitle’ (by MacCallum), ‘Discovery Procedure’ (by Hayek).

Suggested Citation

  • Pilipuk, A., 2016. "Mechanism and models of competitive performance," Journal of Modern Competition, Synergy University, vol. 10(3), pages 119-142.
  • Handle: RePEc:snr:mdrcmp:v:10:y:2016:i:3:p:119-142
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