CS 14 PrisonersDil

CS 14 PrisonersDil - Cheat: Firms unilateraly decr P and...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Class Supplement # 14 (Pg 1 of 2) PRISONER'S DILEMMA GAME BONNIE: Confess Deny CLYDE: Confess B: C: B: C: Deny B: C: B: C: Assume I'm Bonnie: If Clyde Confesses & I Confess: Same reasoning follows for Clyde
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
CS #14 (Page 2 of 2) CARTEL AGREEMENT Collude: Firms agree to incr P and decr Q.
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Cheat: Firms unilateraly decr P and incr Q. Firm M Cheat Collude Firm C Cheat M: $ C: $ M: $ C: $ Collude M: $ C: $ M: $ C: $ Assume I'm M If C colludes & I collude: If C colludes & I cheat: If C cheats & I collude: If C cheats & l cheat: Same reasoning follows for M: D:\ECON202\CS\CS 14 Prisoner'sDil.wpd...
View Full Document

This note was uploaded on 02/13/2012 for the course ECON 202 taught by Professor Brightwell during the Spring '08 term at Texas A&M.

Page1 / 2

CS 14 PrisonersDil - Cheat: Firms unilateraly decr P and...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online