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- Strategic_complements abstract "In economics and game theory, the decisions of two or more players are called strategic complements if they mutually reinforce one another, and they are called strategic substitutes if they mutually offset one another. These terms were originally coined by Bulow, Geanakoplos, and Klemperer (1985).To see what is meant by 'reinforce' or 'offset', consider a situation in which the players all have similar choices to make, as in the paper of Bulow et al., where the players are all imperfectly competitive firms that must each decide how much to produce. Then the production decisions are strategic complements if an increase in the production of one firm increases the marginal revenues of the others, because that gives the others an incentive to produce more too. This tends to be the case if there are sufficiently strong aggregate increasing returns to scale and/or the demand curves for the firms' products have a sufficiently low own-price elasticity. On the other hand, the production decisions are strategic substitutes if an increase in one firm's output decreases the marginal revenues of the others, giving them an incentive to produce less.According to Russell Cooper and Andrew John, strategic complementarity is the basic property underlying examples of multiple equilibria in coordination games.".
- Strategic_complements wikiPageID "12645144".
- Strategic_complements wikiPageLength "5779".
- Strategic_complements wikiPageOutDegree "19".
- Strategic_complements wikiPageRevisionID "620650097".
- Strategic_complements wikiPageWikiLink Category:Economics_terminology.
- Strategic_complements wikiPageWikiLink Category:Game_theory.
- Strategic_complements wikiPageWikiLink Concave_function.
- Strategic_complements wikiPageWikiLink Coordination_failure_(economics).
- Strategic_complements wikiPageWikiLink Coordination_game.
- Strategic_complements wikiPageWikiLink Demand_curve.
- Strategic_complements wikiPageWikiLink Economics.
- Strategic_complements wikiPageWikiLink Game_theory.
- Strategic_complements wikiPageWikiLink General_equilibrium.
- Strategic_complements wikiPageWikiLink General_equilibrium_theory.
- Strategic_complements wikiPageWikiLink Multiplier_(economics).
- Strategic_complements wikiPageWikiLink Price_elasticity_of_demand.
- Strategic_complements wikiPageWikiLink Returns_to_scale.
- Strategic_complements wikiPageWikiLink Russell_W._Cooper_(economist).
- Strategic_complements wikiPageWikiLink Submodular_set_function.
- Strategic_complements wikiPageWikiLink Supermodular.
- Strategic_complements wikiPageWikiLink Supermodular_function.
- Strategic_complements wikiPageWikiLink Symmetric_game.
- Strategic_complements wikiPageWikiLinkText "Strategic Complements".
- Strategic_complements wikiPageWikiLinkText "Strategic complements".
- Strategic_complements wikiPageWikiLinkText "strategic complementarities".
- Strategic_complements wikiPageWikiLinkText "strategic complementarity".
- Strategic_complements wikiPageWikiLinkText "strategic complements".
- Strategic_complements wikiPageWikiLinkText "strategic substitutability".
- Strategic_complements hasPhotoCollection Strategic_complements.
- Strategic_complements subject Category:Economics_terminology.
- Strategic_complements subject Category:Game_theory.
- Strategic_complements hypernym Substitutes.
- Strategic_complements comment "In economics and game theory, the decisions of two or more players are called strategic complements if they mutually reinforce one another, and they are called strategic substitutes if they mutually offset one another.".
- Strategic_complements label "Strategic complements".
- Strategic_complements sameAs 戦略的補完性.
- Strategic_complements sameAs m.02wzc5r.
- Strategic_complements sameAs Q7621827.
- Strategic_complements sameAs Q7621827.
- Strategic_complements wasDerivedFrom Strategic_complements?oldid=620650097.
- Strategic_complements isPrimaryTopicOf Strategic_complements.