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.
Thread beginning with comment 267297
To read all comments associated with this story, please click here.
Economic theory
by pxa270 on Fri 31st Aug 2007 10:11 UTC
Member since:

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.

Reply Score: 1