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This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
and relevance of virtual teams, the relationship between virtual R&D team for SMEs and new product development (NPD) has …
Persistent link: https://www.econbiz.de/10008742995
The aim of this paper is to introduce prospect theory in a game theoretic framework. We address the complexity of the weighting function by restricting the object of our analysis to a 2-player 2-strategy game, in order to derive some core results. We find that dominant and indifferent strategies...
Persistent link: https://www.econbiz.de/10011110809
The theory of games (or game theory) is a mathematical theory that deals with the general features of competitive situations. It involves strategic thinking, and studies the way people interact while making economic policies, contesting elections and other such decisions. There are various types...
Persistent link: https://www.econbiz.de/10011166059
This chapter presents a summary of recent results obtained in game and social choice theories, and highlights the application and the development of tools in algebraic topology. The purpose is expository: no attempt is made to provide complete proofs, for which references are given, nor to...
Persistent link: https://www.econbiz.de/10005789359
The article deals with problem of forming of Pareto non-optimal norms of mutual behavior of investors and government in the process of decision-making related to financing of reduction of risks of investment activity in economy. The game-theoretical analysis suggests that inefficiency of arising...
Persistent link: https://www.econbiz.de/10011257751
for developing countries. During the past decade, new product development (NPD) has increasingly been recognized as a … have shown no significant differences between traditional NPD and virtual NPD in general, whereas NPD in SME’s virtual team … the NPD and its relationship with virtuality and then identifies the critical factors of NPD in virtual teams. The …
Persistent link: https://www.econbiz.de/10008740589
guideline and also illustrates how to apply virtual interaction tools and integrate engineers into the innovation process …. Management of virtual R&D teams in new product development (NPD) processes in an innovative, effective and efficient is of a high …
Persistent link: https://www.econbiz.de/10008742983
New product development (NPD) in small and medium-sized enterprises (SMEs) virtual team has not been systematically … investigated in developing countries. Literatures have shown no significant differences between traditional NPD and virtual NPD in … research gap. This paper aims to bridge this gap. This study first reviews the NPD and its relationship with virtuality and …
Persistent link: https://www.econbiz.de/10008743010
significance of virtual R&D teams during the new product development (NPD) process. This in turn, leads to increased effectiveness …
Persistent link: https://www.econbiz.de/10009149413