Strategic complementarity definition

Strategic complementarity means that as a certain behavioral pattern becomes universal in a society, choosing this pattern will become an increasingly advantageous choice for each economic agent.

Examples of Strategic complementarity in a sentence

This behavior of the initiating firms is captured by Tirole’s (1988, p.256) interpretation of the MT model: “if firms were stuck in the competitive price region, with the prospects of small profits in the future, a firm could raise its price dramatically, and lure its rival to charge a high price for at least some time.” Strategic complementarity is the lure, but this lure alone is not strong enough in this market – thus the need for communication.

Related to Strategic complementarity

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