vahetusvõime
Vahetusvõime, also known as substitutability, is a concept in economics and game theory that refers to the ability of one good or service to be replaced by another. It is a measure of how interchangeable two goods or services are in the eyes of consumers. High substitutability means that consumers can easily switch from one good to another without significant loss of satisfaction, while low substitutability indicates that consumers have a strong preference for one good over another.
Substitutability is influenced by several factors, including the similarity of the goods or services, their prices,
In game theory, substitutability is often used to analyze strategic interactions between players. For instance, in
Understanding substitutability is crucial for businesses, policymakers, and consumers. For businesses, it helps in determining pricing