The term 'player' in economics refers to any participant in a strategic situation being modeled, particularly within the context of game theory.
The expansion of a firm’s activities to include the production of inputs formerly sourced from outside.
Understanding competitive advantage and its significance in business and economics.
A comprehensive exploration of management, its historical context, definitions, analytical frameworks, case studies, and further readings.
An exploration of the concept of strategy within the context of game theory, including dominant and mixed strategies and their implications.
An exploration of the Tit for Tat strategy in repeated games, particularly the Prisoner's Dilemma.
A strategy used in repeated non-cooperative games where a player cooperates until the opponent defects, triggering subsequent punishment.
