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Author:Parayre, R.
Hurry, D.
Title:Corporate investment and strategic stability in hypercompetition
Journal:Managerial and Decision Economics
2001 : JUN-AUG, VOL. 22:4-5, p. 281-298
Index terms:COMPETITION
CORPORATE STRATEGY
EVOLUTIONARY GAMES
GAME THEORY
INVESTMENT
Freeterms:STABILITY
Language:eng
Abstract:As competition accelerates, so do the strategies of players, in the shape of fast-track corporate investment strategies to maneuver around competitors. Under hypercompetition, a corporate strategy for acquiring competitive options may form an evolutionarily stable meta-strategy capable of sustaining persistent disruptive actions. This type of strategy is evolutionarily stable under competition across generations of contests. This paper explains the concept of memetic evolution and applies evolutionary game theory to the study of hypercompetition.
SCIMA record nr: 226467
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