Biform Games
Adam Brandenburger, Harborne Stuart
Management Science · 2007 · Volume 53 · Issue 4
Abstract
Both noncooperative and cooperative game theory have been applied to business strategy. We propose a hybrid noncooperative-cooperative game model, which we call a biform game. This is designed to formalize the notion of business strategy as making moves to try to shape the competitive environment in a favorable way. (The noncooperative component of a biform game models the strategic moves. The cooperative component models the resulting competitive environment.) We give biform models of various well-known business strategies. We prove general results on when a business strategy, modelled as a biform game, will be efficient.
Keywords
noncooperative game, efficiency, business strategy, cooperative game
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