11 November 2010

Substitutes and complements

Competition is about substitution. It's about how the actions of one agent can replace the actions of a different agent. Competition defines decision-making in terms of selecting the one over the other. Covenant is about complementarity. It's about how the actions of one agent can enhance the actions of the different agent. It defines decision-making in terms complements, in terms of dividing a pie up fairly. 

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