The Competition Game: Decision Making In a Dynamic Environment

Abstract

The Competition Game creates an environment in which individual teams must make decisions based on possibly imperfect information and with conflicting goals. The game consists of several independent rounds that may be conducted separately or in series. This gives the instructor the flexibility to use all or portions of the game to meet individual class requirements. The individual components of the game allow players to explore the effects of production capacity, production costs, market demand, and government controls within a competitive market. The game also allows players to control certain aspects of the information flow relevant to the market, and players create their own ethical business environment.