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Article
Game Theory and Family Business Succession: an Introduction
Faculty Publications
  • Timothy Mathews, Kennesaw State University
  • Tim Blumentritt, Kennesaw State University
  • Gaia Marchiso, Kennesaw State University
Department
Economics, Finance, & Quantitative Analysis
Document Type
Article
Publication Date
3-1-2014
Disciplines
Abstract

One of the most significant challenges to enduring family businesses is the process of passing the leadership of a firm from one generation to another. This article introduces game theory as a model for examining succession as a set of rational but interdependent choices made by individuals about a firm’s leadership. Its primary contribution is demonstrating the application of game theory to understanding the decisions and outcomes of succession events.

Comments
The pdf is the author's accepted version. The published Sage version can be found at http://dx.doi.org/10.1177/0894486512447811
Citation Information
Timothy Mathews, Tim Blumentritt and Gaia Marchisio, "Game Theory and Family Business Succession: An Introduction." Family Business Review, Vol. 26, No. 1, March 2013, 51-67.