Question
What would it mean for two sellers to act noncooperatively, in a prisoner's dilemma manner? What real world examples can you think of? What, instead,
What would it mean for two sellers to act noncooperatively, in a "prisoner's dilemma" manner? What real world examples can you think of? What, instead, would it mean for these two sellers to collude? Which of the two outcomes is more common in the real world? Why?
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
