Tag Archives: Cooperation

Nice or nasty? Which translators finish first?

In a previous post, I looked at a phenomenon known as the Prisoner’s Dilemma. In the translation industry this is where competitors cannot resist the temptation to win more work by undercutting each other on price. Simple mathematics shows that they … Continue reading

Posted in Getting paid, OpenBorder, Translation Industry | Tagged , , , , , , , , , , , | 11 Comments

Collusion and betrayal in the translation industry—which do you choose?

Are translation industry players locked into a self-defeating paradigm where they end up taking actions which are against their own best economic interests? In this post, I look at the translation industry in terms of a prisoner’s dilemma—the canonical example … Continue reading

Posted in Getting paid, OpenBorder, The Multi-factor auction, Translation Industry | Tagged , , , , , , , , , | 11 Comments