competition
4 free lessons tagged competition across Business. Each one is a short sequence of focused steps with narration and a five-question quiz at the end — take them in any order, no signup required.
Real Markets and Serious Pushback
What happened to margins when German petrol stations adopted pricing software, and the substantial body of research arguing the simulation results are fragile, parameter-dependent, and may not survive contact with real markets.
The Collusion Experiments
The simulation result that started an entire literature: independent Q-learning agents converging on supra-competitive prices with punishment strategies, nobody having programmed them to, and what the mechanism actually is.
How Pricing Algorithms Actually Work
From revenue management to reinforcement learning: the mechanics of software that sets prices, the distinction between following rules and learning a policy, and why that distinction turns out to be the one that matters.
Why some markets tip and others never do
Network effects are supposed to produce monopolies, yet plenty of networked markets have several healthy competitors. Learn what makes a market tip toward one winner, the four forces that stop tipping and keep markets competitive, why multi-homing is the quiet enemy of every platform, and how to tell a genuine winner-take-all market from one that merely looks like one.