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ECN601 week 5 Chapter 15 Problem

by | Dec 1, 2023 | Posted Questions

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information.

The response should be 500-750 words and describes some interactions your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or down-stream customers), or between internal divisions within your firms that can be described as sequential or simultaneous game. Diagram the strategies, players, and compute payoffs as best as you can. Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice. Please include the diagram required in the problem.

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