Economic and Game Theory
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"Inside every small problem is a large problem struggling to get out." | |||||
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What happens in the limit? A US/European firm will fold the business once the profit margin drops, not so in Asia. I assume that this can be played out with N firms. A Chinese co-worker said that the company that has better govt ties will win ultimately as that would be the only unleavening of the playing field. Hedley [Manage messages] |