Using cooperative game theory to contribute to strategy research

David Gaddis Ross

Strategic Management Journal, 2018, vol. 39, issue 11, 2859-2876

Abstract: Research Summary A growing literature uses cooperative game theory to develop formal strategy theories of value creation and value capture. In a recent review, Gans and Ryall () provide an introduction to this literature in which they emphasize the biform modeling framework of Brandenburger and Stuart (, ). The purpose of this article is to extend the work of Gans and Ryall () by (a) discussing the many ways that cooperative game theory and allied models can contribute to strategy research beyond the biform framework itself, and (b) offering recommendations for choosing among formal modeling options, both cooperative and noncooperative. Managerial Summary Growing numbers of strategy scholars are using cooperative game theory to study strategic interaction and develop practical tools for managers, because it offers the mathematical precision of traditional formal modeling techniques while imposing fewer constraints on the actions of firms and managers. Gans and Ryall () review cooperative game theory, with a particular focus on a version developed by Brandenburger and Stuart (, ). This article extends Gans and Ryall () by discussing the many additional ways that cooperative game theory can contribute to strategy research and how to choose between cooperative game theory and other formal modeling methods.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://doi.org/10.1002/smj.2936

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:39:y:2018:i:11:p:2859-2876

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0143-2095

Access Statistics for this article

More articles in Strategic Management Journal from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().