1. Consider the stage game below. C ID C b a b O D 0 a (a) Find the range of values of the discount
1. Consider the stage game below. C ID C b a b O D 0 a (a) Find the range of values of the discount factor o (in terms of a and b, where a > b > 1) for which the strategy pair in which both players use the strategy Unrelenting Punishment is a Nash equilibrium. (b) How does the range found in part (a) change as a increases
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