SSE/EFI Working Paper Series in Business Administration
The anatomy of a business game
() and Ingolf Ståhl
Abstract: We describe in detail a business game, which has been used
extensively in education for a decade. Although the business game is
smaller than other games, it is fairly realistic as it includes decisions
on investments, production, prices, and advertising. Furthermore, the game
has dynamic properties, in that decisions and financial states of the firms
carry over from one period to the next. There are not many such detailed
descriptions of business games, although this is in demand. Such a complete
mathematical description lays ground not only for alterations of the game,
but also for developments of new games. It can also provide a link to
models used in micro-economic theory.
Keywords: Business games; learning; microeconomics; modeling; science of simulation/gaming; (follow links to similar papers)
21 pages, June 4, 2002
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