PHILOS 2N03 Lecture Notes - Lecture 11: Justin Trudeau, Ryanair, Industrial Espionage
3 Jan 2017
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Everything we talked about in class-fair game. If company does well, suppliers can keep supplying. Should set game up so everyone gets what they deserve. Decisions have effects, can hurts or harm them. When one party has the thing that the other needs and they cannot get elsewhere and this does not go the other way in the relationships. Put in position where agree to do something they do not want to do. Want to be home owner, looking for mortgage, not best candidate for mortgage. Bank- have to switch to this bank, get most expensive, etc. Desperate, have to agree, would not have otherwise chose this. E. g. corporate intelligence gathering and industrial espionage. Issue because major distribution of wealth and stealing what is not theirs. Big enough company that can take the loss temporarily, drop prices dramatically to take out competitor. E. g. digging up dirt on another company. ^ not hard to tell when they cross the line.
