Game Theory in Business Collaboration

This paper examines how game theory is being creatively applied to business collaborations between organizations, with specific reference to the negotiation of access control policy. It is proposed that when game theory is applied, it improves decisions regarding improving company performance. Game Theory has been examined in several disciplines, such as Mathematics and Economics. Strategically, this has been used to improve quality and maximize profits, including the structure and the analysis of the actual strategies used. From here it is suggested that the use of game theory to find the best strategy could prove to be highly beneficial. Despite this realisation, there is little research on the applications of game theory in business environments. Business collaboration is characterized by long-time execution, heterogeneous and autonomous business communications among multiple business participants with asynchronous business interaction, transactional semantics and policy coordination. This project firstly analyses the business collaboration, followed by the analysis of th