Nash equilibrium

Deregulation of the air transport industry significantly changed the market conditions all over the world and permanently affected airline competition (Morrison and Winston (1986), Burghouwt and Hakfoort (2001)). Sustainability of airline business model was questioned once the market became open and competition began to strengthen. Only those airlines that were able to react promptly and adjust to the emerging conditions had a chance to sustain profitably and retain their market position. Since…

Additionally, outside of the British sphere, any country facing a substantial flow of Muslim immigrants, such as the refugees from Syria, could become a key player in the issue on how to integrate Sharia law. This includes countries in Europe as well as the United States. The United States has been particularly outspoken in its banning “foreign laws”, a blanket term used to hide blatant hatred for Sharia. Germany, on the other hand, is more accepting claiming that Sharia can coexist with…

MBA 540 Mid-term Exam 1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision? According to Brickley, et al. (2016), the “opportunity cost of using a resource for a given purpose is its value in its best alternative use.” To help Stella make a decision on purchasing a new car, she would need to make a marginal analysis as to narrow down what her best option for…

Formation of Regional Trade Blocs WHY DO BLOCS TRADE ? [Paper 1] The basic question we try to address in this paper is whether regional trade agreements affect multilateral trade liberalization i.e, whether Minilateralism and Multilaterism are friends of foes. We also try to find out the various reasons responsible for the formation of Regional Trade Blocs and Free Trade Agreements. MINILATERALISM vs MULTILATERALISM There are two usual ways in which the respective governments might…

Unfortunately, some companies have mismanaged their greatest asset—their brands. This is what befell the popular Snapple brand almost as soon as Quaker Oats bought the beverage marketer for $1.7 billion in 1994. Snapple had become a hit through powerful grassroots marketing and distribution through small outlets and convenience stores. Analysts said that because Quaker did not understand the brand’s appeal, it made the mistake of changing the ads and the distribution. Snapple lost so much…