Explain, for a repeated game: a. Why it may be advantageous to have the reputation of being

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Explain, for a repeated game:
a. Why it may be advantageous to have the reputation of being a tough guy who always takes revenge against anyone who harms your interests?
b. Why it may be advantageous to have a reputation of irrationality?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:15 AM

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Explain, for a repeated game: a. Why it may be advantageous to have the reputation of being

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a If Firm A is a tough guy it will always strike back at hostile actions by Firm B even if th...View the full answer

Economics Principles and Policy

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