The study of competition and competitiveness has recently seen a great deal of expansion and development. This timely … in the real world and provides a framework for understanding the different notions of competition. Special attention is … given to key areas including: * competition as a process versus competition as a state of affairs * the behaviour of firms …

Collective Rationality', Econometrica, 55 (4), July, 935-61 -- Terje Lensberg (1988), 'Stability and the Nash Solution', Journal …), April, 155-62 -- Alvin E. Roth (1977), 'Individual Rationality and Nash's Solution to the Bargaining Problem', Mathematics …

rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of … that the notion of rationality suffered a profound transformation that reduced it to a formal property of consistency. Such …

, and the management of bounded rationality and its evolutionary consequences. Clem Tisdell successfully combines recent … organizations. Bounded Rationality and Economic Evolution will be of particular use to economists, academics in management, business …

1. Introduction -- 2. The microfoundations of long-run growth : controversies on capacity utilization and competition …

organization, at the heart of which lie competition and monopoly, the two great forces that drive modern markets. Their pioneering …