Paradox of competetion
Published:
Paradox of competition, or Konkurrenzparadoxon, is a term coined by German economist Wolfgang Stützel which names a model of a situation where measures, which offer a competitive advantage to an individual economic entity, lead to nullification of advantage if all others behave in the same way.
Stützel distinguishes three categories of paradoxes of competition:
- Circuit paradoxes
- Classical paradoxes
- Marx paradoxes
See also
Game Theory, Race to the bottom, Public goods game, Prisoner’s dilemma, Price dumping, Social dumping, Fiscal dumping, Tragedy of the commons
Books
- Wolfgang Stützel: Paradoxa der Geld- und Konkurrenzwirtschaft. Aalen 1979.