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Now, drop the assumption that this is a one-period game. This is now a 10-year (period) game. Calculate the four outcomes based on a 10-year
Now, drop the assumption that this is a one-period game. This is now a 10-year (period) game. Calculate the four outcomes based on a 10-year period game using the one-year values listed in part a). Specifically, starting from the Year 1 values in part a), calculate the outcomes for each of the four cells over a 10-year period [i.e. add the amounts for the additional nine years to the values in part a]. Use the following hints to populate the payoff matrix below for the CAM and EMW resits for the 10-year period game ( 5 marks): - The two firms will play a 'tit-for-tat' strategy. That is, if a firm develops the nell hydrogen technology in Year 1, the other firm will 'punish' the other fim by ako developing/selling hydrogen-powered vehicles the remaining rine years. However, it a firm doesn 1 develop the new hydrogen technology in Year 1 the other fim whll alo not develop the new hydrogen technology: - You can inecessarly multiply the values in part a) You may have to ma and natith the
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