Linked by Dmitrij D. Czarkoff on Fri 31st Aug 2007 08:54 UTC
Editorial This article is an answer to "Competition Is Not Good" by Kroc and reading it wouldn't be comfortable without switching to and from the original article. I wrote it just because I do strongly disagree with Kroc and I believe I can prove that he is not as close to truth as it may seem from the first glance.
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Economic theory
by pxa270 on Fri 31st Aug 2007 10:11 UTC
pxa270
Member since:
2006-01-08

The results of competition/cooperation is a very complex issue, with lots of research by economists (and few firm conclusions). For some theoretical background, start with the Wiki articles on Game theory and Cournot/Bertrand/Stackelberg competition, which are the most widely used economic models. Note that even though all these models make stacks of restrictive (and often unrealistic) assumptions, they still lead to a wild variety of outcomes.

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