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NetworkMonopoly - Darden Graduate School of Business...

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Unformatted text preview: Darden Graduate School of Business Administration University of Virginia Almost Everything I Need to Know About the New Economy, I Learned Playing . . . Monopoly Paul Farris Phil Pfeifer This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection at: http://papers.ssrn.com/abstract=263526 (YHU\WKLQJ,QHHGWRNQRZ DERXWWKH1HZ(FRQRP\ ,OHDUQHGSOD\LQJ«0RQRSRO\ 3DXO)DUULV 3KLO3IHLIHU -XO\  $VWKH,QWHUQHWSXUHSOD\VKDYHEHHQGURSSLQJOLNHIOLHVLQD'HFHPEHUEUHH]HWKHHFRQRP\¶VIXWXUHKDV EHHQFDOOHGLQWRTXHVWLRQ,WLVDELWVXUSULVLQJWRXVWKDWWKHFRQVROLGDWLRQDQGKLJKIDLOXUHUDWHVZHUHQRWIRUHVHHQ DVWKHRWKHUVLGHRIWKHFRLQRIWKH,QWHUQHWUHDOP²³QHWZRUNHIIHFWV´1HWZRUNHIIHFWVDUHJORULRXVWKLQJVZKHQWKH\ ZRUNIRU\RXDQGWHUULEOH ZKHQWKH\DUHQRWRQ\RXUVLGH7KHUHFHQWVKDNHRXWVLQWKHQHZHFRQRP\DUHQRWDVLJQ WKDWWKHVHFRQFHSWVDUHIODZHG RQO\WKDWZHDUHZLWQHVVLQJDQHZSKDVHRIWKHJDPH %XWDOORIWKLVVKRXOGKDYH EHHQFOHDUWR\RXWKHUHDGHUIURP\RXUSUHYLRXVH[SHULHQFHLQD³QHWZRUNHFRQRP\´ :HDUHWDONLQJDERXW\RXU H[WHQVLYH H[SHULHQFH DV DQ HQWUHSUHQHXULDO ULVNWDNLQJ GHYLOWDNHWKHKLQGPRVW \RXWK :H NQRZ \RX ZHUHQ¶W D 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This note was uploaded on 01/23/2011 for the course BMGT 301 taught by Professor Wang during the Spring '08 term at Maryland.

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