=+then in the second period it does whatever the other airline did in the previous period. Write

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=+then in the second period it does whatever the other airline did in the previous period. Write down the payoffs to Untied from the following four possibilities: i. Untied plays always charge the low price when Air “R” Us also plays always charge the low price. ii. Untied plays always charge the low price when Air “R” Us plays tit for tat. iii. Untied plays tit for tat when Air “R”

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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