In economics and game theory, the decisions of two or more players are called strategic complements if they mutually reinforce one another, and they are called strategic substitutes if they mutually offset one another. These terms were originally coined by Bulow, Geanakoplos, and Klemperer (1985). To see what is meant by 'reinforce' or 'offset', consider a situation in which the players all have similar choices to make, as in the paper of Bulow et al., where the players are all imperfectly competitive firms that must each decide how much to produce. Then the production decisions are strategic complements if an increase in the production of one firm increases the marginal revenues of the others, because that gives the others an incentive to produce more too. This tends to be the case if there are sufficiently strong aggregate increasing returns to scale and/or the demand curves for the firms' products have a sufficiently low own-price elasticity. On the other hand, the production decisions are strategic substitutes if an increase in one firm's output decreases the marginal revenues of the others, giving them an incentive to produce less. According to Russell Cooper and Andrew John, strategic complementarity is the basic property underlying examples of multiple equilibria in coordination games. (Wikipedia).
What is an angle and it's parts
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
CCSS What are supplementary and complementary angles
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
CCSS What is an angle bisector
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
What Is Scaled Agile Framework? | SAFe Agile Framework Tutorial | SAFe Explained | Simplilearn
🔥Certified ScrumMaster® (CSM) Certification Training Course: https://www.simplilearn.com/agile-and-scrum/csm-certification-training?utm_campaign=ASM-mavjI6mhsWE&utm_medium=DescriptionFirstFold&utm_source=youtube 🔥Certified Scrum Product Owner (CSPO) Certification Training: https://www.simp
From playlist Agile Scrum Master Training Videos [2022 Updated]
Gov 2.0 Summit 2010: Peter Ho and Peter Schwartz, "The Singapore Miracle and Gov 2.0"
http://gov2summit.com Peter Ho (Singapore), Peter Schwartz (Global Business Network), "The Singapore Miracle and Gov 2.0"
From playlist Gov 2.0 Summit 2010
What Is Strategy? It’s a Lot Simpler Than You Think
To many people, strategy is a total mystery. But it’s really not complicated, says Harvard Business School’s Felix Oberholzer-Gee, author of "Better, Simpler Strategy". 00:00 To many people, strategy is a mystery. 00:25 Strategy does not start with a focus on profit. 00:52 It's about cre
From playlist Quick Study
CGSR Seminar Series | Prospects for the Nuclear Nonproliferation Treaty (NPT) Review Conference
Speaker Biography: Robert Einhorn served as the U.S. Department of State special advisor for nonproliferation and arms control, a position created by Secretary of State Hillary Clinton. Mr. Einhorn played a leading role in the formulation and execution of U.S. policy toward Iran’s nuclear
From playlist Center for Global Security Research
Elections and Strategic Voting | Eric S. Maskin
Eric S. Maskin, Professor, Harvard University; Albert O. Hirschman Professor (2000--11), School of Social Science, Institute for Advanced Study Location: Wolfensohn Hall, Institute for Advanced Study, Princeton, NJ U.S. presidential elections often drive many citizens to vote strategicall
From playlist Social Science
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
CCSS What is the difference between Acute, Obtuse, Right and Straight Angles
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships
6. Nash equilibrium: dating and Cournot
Game Theory (ECON 159) We apply the notion of Nash Equilibrium, first, to some more coordination games; in particular, the Battle of the Sexes. Then we analyze the classic Cournot model of imperfect competition between firms. We consider the difficulties in colluding in such settings, and
From playlist Game Theory with Ben Polak
ITIL 4 Foundation Course | ITIL Tutorial For Beginners |ITIL Certification Training | Simplilearn
🔥 ITIL® 4 Foundation Certification Training Course: https://www.simplilearn.com/it-service-management/itil-foundation-training?utm_campaign=ITIL-951xIKQmols&utm_medium=DescriptionFirstFold&utm_source=youtube In this ITIL Course Video, we'll cover everything you need to know about ITIL. We
From playlist Simplilearn Free Courses [2022 Updated]
America's Most Iconic Fighter Jets | The West's Land-based Fighters & Bombers | Spark
This documentary features the West's most modern and powerful land-based fighters and bombers of the late 1980s. The program features Britain's Harrier, the Panavia Tornado ADV, the Sepecat Jaguar, Mirage 2000, Sweden's Saab Viggen, and Israel's Kfir fighter. From the USAF comes the B-52 S
From playlist Spark Top Docs
HSC Harder Parametrics Question (2 of 2: Breaking down the Question and Solving)
More resources available at www.misterwootube.com
From playlist Further Work with Functions
The Best Guide to the Lymphatic System
This explains functions and structure.
From playlist Top Science
👉 Learn how to define angle relationships. Knowledge of the relationships between angles can help in determining the value of a given angle. The various angle relationships include: vertical angles, adjacent angles, complementary angles, supplementary angles, linear pairs, etc. Vertical a
From playlist Angle Relationships