Managerial Econ

Economic Analysis of Business Practice

Monday, March 3, 2025

Innovative Strategic Levers

Is narc'ing on your competition the prisoners' dilemma equilibrium?

Posted by Michael Ward at 5:56 PM No comments:
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Labels: 10. Strategy-the quest to slow profit erosion, 15. Strategic games, Humor
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Managerial Economics: A Problem Solving Approach, 5th ed.



We wrote a managerial economics textbook (Amazon, Barnes & Noble, Cengage) to teach students how to solve business problems (7 min. video). We started this blog to support those who use the book, and to keep up with developments in the field.

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Entries Related to Book Chapters

  • 01. Introduction: What this book is about (165)
  • 02: The One Lesson of Business (503)
  • 03. Benefits; costs and decisions (196)
  • 04: Extent (how much) Decisions (82)
  • 05. Investment decisions: Look ahead and reason back (193)
  • 06. Simple pricing (81)
  • 07: Economies of Scale and Scope (48)
  • 08: Understanding Market and Industry Changes (333)
  • 09. Long-run equilibrium (263)
  • 10. Strategy-the quest to slow profit erosion (201)
  • 11. Supply and demand: Trade bubbles market making (194)
  • 12. More realistic and complex pricing (93)
  • 13. Direct price discrimination (51)
  • 14. Indirect price discrimination (69)
  • 15. Strategic games (164)
  • 16. Bargaining (95)
  • 17. Making decisions with uncertainty (232)
  • 18. Auctions (51)
  • 19: The Problem of Adverse Selection (148)
  • 20 : The Problem of Moral Hazard (189)
  • 21: Getting employees to work in the firm’s best interests (188)
  • 22: Getting divisions to work in the firm’s best interests (38)
  • 23. Managing vertical relationships (125)
  • Book review (32)
  • Humor (28)
  • PollEverywhere (1)
  • teaching (21)

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