Paper Summary:

This paper discusses the concept of game theory in relation to how managerial economics is increasingly being utilized to formulate business strategy. Game theory is examined with respect to its zero-sum component in which resources are finite and benefit to one party always results in harm to another. Additionally, the concept of coalition theory in which players form alliances among each other in order to realize greater benefit is examined with respect to business enterprise.

From the Paper:

"This research project discusses strategy development with respect to managerial economics. Specifically, the concept of game theory is discussed in relation to how managerial economics is increasingly being utilized to formulate business strategy. Game theory is examined with respect to its zero-sum component in which resources are finite and benefit to one party always results in harm to another. Additionally, the concept of coalition theory in which players form alliances among each other in order to realize greater benefit is examined with respect to..."

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