Premium
Modeling, game theory, and strategic management
Author(s) -
Saloner Garth
Publication year - 1991
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250121009
Subject(s) - game theory , strategic management , business , management science , industrial organization , process management , mathematical economics , operations research , economics , computer science , marketing , mathematics
This paper examines the potential usefulness of game‐theoretic modeling for the development of theory in strategic management. It is argued that there is significant potential for the development of ‘metaphorical’ models that capture the broad qualitative features of settings involving strategic interactions. The paper discusses the positive attributes of mathematical modeling, the nature and role of game‐theoretic modeling, and its potential for contributing to empirical work and to providing advice to managers.