This paper investigates the incentives for cooperation in market surveys among competitive firms. The analysis relies on a game theoretic model. The main conclusion is that the value of information in a competitive market exhibits a sharp decrease as the number of firms that share the...

This paper presents an axiomatic approach to the problem of aggregating expert assessments of an event's probability into some group probability assessment. A multiplicative formula is derived.

A competitive decision support system that has been utilized in a pilot version in a corporate application is described and evaluated. The system is based on the combining of meta-game analysis with a number of mathematical market models. The system facilitates the testing of proposed...

This Note considers the problem of aggregating individual probability estimates of an event to obtain a group estimate. Norman Dalkey has argued that no rigorous theory of probability aggregation is possible for the following reasons: (1) There is no consistent way of aggregating individual...

Business policy questions frequently involve competitive encounters among several different firms. Oligopoly theory in economics was devised to answer similar questions, but its results so far are largely confined to cases of monopoly (one firm), duopoly (two firms), and many firms (wheat...

Stockpilers of commodities in short supply must frequently contend with game-theoretic ramifications arising from the fact that unit purchasing cost increases with aggregate requirements. In this paper, a competitive inventory procurement model for countries facing uncertain demand is analyzed...