Chapter 20: Political Economy and Public Choice
Chapter 14: Price Discrimination
A
coordination game
is one in which players
are better off choosing the same strategy
than they are if they choose different
strategies and there is more than one
strategy on which to coordinate
Try and limit this by consumer loyalty plans.
Unformatted text preview: More expensive to switch. Firms compete for the market rather than in the market. The want to dominate the market. Could lead to the adopted standard to not being the best. Chapter 16 Competing for Monopoly: Network Goods Chapter 15: Oligopoly & Game Theory...
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- Fall '08
- RYAN
