Michael O'Brien

Strategic Approaches to the Legal Environment of Business


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      STRATEGIC

      APPROACHES TO THE

      LEGAL ENVIRONMENT

      OF BUSINESS

      STRATEGIC

      APPROACHES TO THE

      LEGAL ENVIRONMENT

      OF BUSINESS

      A Game Theory Based Decision

      Making Guide for Managers

      Michael O’Brien

      Saint Mary’s College of California

      Andras Margitay-Becht

      Saint Mary’s College of California

      Strategic Approaches to the Legal Environment of Business:

      A Game Theory Based Decision Making Guide for Managers

      Copyright © 2018 Michael O’Brien

      All rights reserved.

      No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

      BrownWalker Press/Universal Publishers, Inc.

      Irvine • Boca Raton

      USA • 2018

       www.BrownWalkerPress.com

      978-1-62734-637-5 (pbk.)

      978-1-62734-638-2 (ebk.)

      Typeset by Medlar Publishing Solutions Pvt Ltd, India

      Cover design by Ivan Popov

      Publisher’s Cataloging-in-Publication Data

      Names: O’Brien, Michael, 1981- author. | Margitay-Becht, András, author.

      Title: Strategic approaches to the legal environment of business : a game theory based decision making guide for managers / Michael O’Brien [and] András Margitay-Becht.

      Description: Irvine, CA : BrownWalker, 2018. | Includes bibliographical references.

      Identifiers: LCCN 2018932483 | ISBN 978-1-62734-637-5 (pbk.) |

      ISBN 978-1-62734-638-2 (ebook)

      Subjects: LCSH: Risk management. | Game theory. | Commercial law. | Business enterprises--Law and legislation. | BISAC: BUSINESS & ECONOMICS / Business Law. | MATHEMATICS / Game Theory.

      Classification: LCC HG173 .O27 2018 (print) | LCC HG173 (ebook) | DDC 658.12--dc23.

      Table of Contents

       Introduction

       1Introduction to Microeconomics

       Cooperation

       The Production Possibilities Frontier

       Worked Example

       Case Problems

       Specialization

       Isolated Decision Making

       Costs

       Benefits

       Marginalism

       Incentives

       Introduction to Markets

       Individual Demand

       Case Problems

       Market Demand, Supply, and Equilibrium

       Market Efficiency and Failures

       Market Failures

       Transaction Costs

       Externalities

       Public Goods

       Market Structures

       Case Problems

       Behavioral Economics

       Handling Uncertainty

       Expected Value

       Case Problem

       Expected Utility

       Interrelated Decision Making

       Game Theory Basics

       Simultaneous Games

       Case Problem

       Sequential Games

       Moral Philosophy

       2Civil Procedure

       The Pleading Phase

       Case Problems