The Competition Game

Wright, Robert E.
November 2013
Journal of Private Enterprise;Fall2013, Vol. 29 Issue 1, p141
Academic Journal
The "Competition Game" is an in-class activity designed to provide undergraduate students with non-technical insights into the functioning of a private enterprise system from the perspectives of both workers and business owners. Lessons include the difficulty of equalizing outcomes in the real world (even when initial wealth endowments are equal), the importance of meritocracy, and the behaviors of successful business owners and employees. This note describes the game and its rules, offers tips on how to incentivize students to play it realistically, and provides details on how to create an Excel file for tracking action in the market; for generating random interest rates and taxes; and for looking up prices and expenses from tables.


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