Modeling Alliance Activity : An Iterated Prisoners' Dilemma With Exit Option  

Oleh:

Arend, Richard J. ; Seale, Darryl A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 11 (Nov. 2005), page 1057-1074.
Topik: formal model; alliance; formal model; iterated prisoners'; dilemma

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We present and solve a new, more accurate model of behaviour within alliance activity. The mdoel is essentially an iterated prisoners' dilemma with an exit option in each stage of the alliance. The proposed solution results in each partner receiving its opportunity cost as its expected average pay - off in the alliance. Managerial implicationns include : identification of where to focus efforts to improve alliance cooperation and performance, and an explanation for why more sopishisticated parnership stategies than tit - for - tat are likely to be superior in this game.

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