This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full 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.
- Spring '08