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Amazon's effect on national book stores

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National book stores have had to alter their operations to compete with Amazon and internet purchasing available through places such as Amazon.

How can game theory be applied to Amazon's effect on national book stores?

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Solution Summary

National book stores is a physical store whose sales is being affected by online stores such as Amazon.com.

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National book stores is a physical store whose sales is being affected by online stores such as Amazon.com. Now, national book stores is planning to alter its operations by either going online or changing its pricing strategy in order to compete with Amazon. Game theory can be applied in this case in the form of helping national book stores via a matrix to take the decision of going online or not. By comparing ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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