“The purpose of the game is to understand the distribution side dynamics of a multi-echelon supply chain used to distribute a single item, in this case, cases of beer.”
We are adding a new competition game, by Bogaçhan Çelen and Sven Feldmann (Melbourne Business School).
Players are randomly and anonymously paired with another participant, and play 6 rounds of an airline duopoly game with capacity constraints and differentiated demand.
The airlines simultaneously choose capacity and prices with which they compete. The system of demand is linear and symmetric (model of demand).
The rules can be found here and and we also included a simulation “outside” of the game, to help players determine their best choice: simulation
If you are an instructor running the market game with quotas, taxes… (rules), you may find it easier to start by inviting your students to play the simulation as a monopoly, before introducing competition.
This is now possible with one click in the mono-player simulation section (“Play as a monopoly” button, third simulation, https://simu.io).
The complete version of the game about CO2 emissions and environmental policies (on which the final of the 2017 tournament was partly based) is in open access on the site, until the end of August.
To create the game, click on the button in the blue well on the home page of the commercial site: https://lud.io/
During the final, out of the 12 teams to qualify, the winner, HEC Montréal, scored 2 296 587. The second team (Toulouse School of Economics) scored 2 287 370 and the 3rd (Cardiff Metropolitan University) 2 105 320. Can you do better?
Summary:
1 – General Considerations and Customers’ Characteristics: 1:07
2 – Dynamics of sales inside a phase: 4:11
3 – Comparing customers’ characteristics between phases: 7:42
4 – Why the effect of frequencies on sales exhibit decreasing returns: 11:19
5 – When can a cheaper firm sell less than its competitor? Example 1 (because of different frequencies or comfort): 14:22
6 – When can a cheaper firm sell less than its competitor? Example 2 (because of seat quotas): 18:04
7 – When can a cheaper firm sell less than its competitor? Example 3 (because of the random component of individual choices): 22:54
The video is maybe not polished enough to show to your students, but should be quite useful to the instructors who run the Airline Game in their courses.
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