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Category Archives: Game Theory
Strategy models: Five Forces and Game Theory, a narrative in comparison
Competitive Forces The dominant strategy paradigm in the 1980s, the competitive forces approach pioneered by Michael Porter views the essence of competitive strategy formulation as relating a company to its industry in which it competes, the strategic group it is … Continue reading
Posted in Economics, Game Theory, Strategy
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Strategy for Security: A Pure Bargaining Model
The Stalemate Strategy development can be thought of as a form of bargaining in my opinion, where security and audit, each with a stake in the successful implementation of the strategy, arrive at the table with specific agenda, putting forth … Continue reading
Posted in Game Theory, Strategy, Technology
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Designing supplier contracts: Asymmetric information
How does Rackspace, a hosting services provider, structure supplier contracts? Suppliers might have a fixed cost per unit but this information is not public knowledge. Rackspace must assume the probability supplier is low cost is ‘p’ and ‘1-p’ is the … Continue reading
Posted in Economics, Game Theory, Strategy, Technology
Tagged asymmetric information, game theory
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