Game Theory Approach to Managerial Strategies and Value Creation

Author: Abdelhakim Hammoudi   Nabyla Daidj  

Publisher: John Wiley & Sons Inc‎

Publication year: 2017

E-ISBN: 9781119482635

P-ISBN(Paperback): 9781848219731

Subject: O225 Game (Game)

Language: ENG

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Chapter

1.3. The theoretical determinants of coopetition: borrowed from game theory

1.3.1. The origin of coopetition

1.3.2. Coopetitive practices

1.3.3. Mechanisms of value creation in the value network (value net)

1.4. Conclusion

2. From Static Games to Dynamic Approaches

2.1. Introduction

2.2. Strategies and solution concepts: static games

2.2.1. Decentralized concepts

2.2.2. Maximin and Minimax solutions or the search for a new level of security

2.3. Process of dynamic decisions: solutions concepts

2.3.1. “Non-cooperative collusion” or “tacit collusion”

2.3.2. Sequential games

2.4. Conclusion

3. Coalitions Formation

3.1. Introduction

3.2. The notion of a coalition and the cooperative approach

3.3. Emergence of cooperation: from collective rationality to individual rationality

3.3.1. Some illustrations

3.3.2. Emergence of cooperation

3.4. A simple conceptual frame of analysis for cooperation: notions of internal and external stability of a coalition

3.4.1. The concept of stability as a basic property of cooperation

3.4.2. The stability as an equilibrium property of a game

3.4.3. Examples

3.4.4. The role of heterogeneities

3.4.5. R&D in a context of asymmetrical firms

3.5. Conclusion

4. Application 1: Dieselgate

4.1. Introduction

4.2. Storytelling: for those who missed the beginning

4.3. Presentation of the facts and strategic reading

4.4. The strategic variables and the associated game

4.4.1. The rules of the game

4.4.2. Payoff

4.5. Game resolution and strategic analysis

4.5.1. Perfect equilibrium of the game where fraud is deterred

4.5.2. Perfect equilibrium with the firm committing fraud

4.6. Conclusion

5. Application 2: Emergence of Food Safety Standards

5.1. Introduction

5.2. The game

5.3. Nash equilibrium

5.4. Conclusion

6. Application 3: Petrol Stations

6.1. Introduction: price structure of a multi-store firm and fragilization of isolated competitors

6.2. The facts

6.3. Strategic management questions

6.4. The game

6.5. Price structure in the event of collusion

6.6. Price war threat and game equilibrium

6.7 Game equilibrium within a time horizon

6.8. Conclusion

7. Application 4: HD-DVD versus Blu-ray

7.1. Introduction: individual strategies and collective dynamics

7.2. Constitution of HD-DVD and Blu-ray consortiums

7.3. Definition of the game

7.4. Numerical application

7.5. Conclusion

Conclusion

Appendices

Appendix 1: The Conceptual Framework of Game Theory and Presentation of Some Simple Games

A1.1. Introduction

A1.2. What is game theory?

A1.2.1. Game theory – what is it for?

A1.2.2. The groundings for a game situation and for different strategies: games and strategies

A1.3. Some game examples

A1.3.1. Introductory games

A1.3.2. Introductory non-zero-sum games

Appendix 2: Nash Equilibrium

A2.1. Definition and formulation

A2.2. Identification of the equilibrium outcome in a payoff matrix

A2.3. Multiple equilibriums

A2.4. Collective rationality and Pareto optimum

A2.4.1. Definitions

Bibliography

Index

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