PART VII. THE NONSYMMETRIC GAME: THE GENERALIZED BEAT-THE-AVERAGE SOLUTION,
Abstract
In previous papers we have considered an especially violent form of market behavior which in two-person games has been called the 'maximize the difference' solution and in general n-person games the 'beat-the-average' solution. There is a natural extension of beat-the-average to the nonsymmetric case which in terms of interfirm comparison may serve as a benchmark for extreme competition. This solution we call 'maximize the share of industry profits. A closely related problem is discussed which has an interpretation in terms of different levels of cooperation. The solution of the cooperation parameter model gives the necessary computation method for the iteration procedure to calculate the maximum profit share solution. This is done in a computer program written by one of the authors.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 26, 1967
- Accession Number
- AD0655626
Entities
People
- Martin Shubik
- Richard Levitan
Organizations
- Yale University