which formula does this question use? And, Why Vder=pi+0+0+0+...(why it is a zero) 2. (Dynamic Game) Now suppose the same game in Problem 1 is repeated indefinitely in each period t-1, 2, 3,.... Let...
2. (Dynamic Game) Now suppose the same game in Problem 1 is repeated indefinitely in each period t-1, 2, 3,.... Let 6 (0, 1) denote the firms' common time discount factor. (a) Define the Bertrand repeated game and compute its minimum threshold value of δ that would make collusion sustainable (+)邛0e f two bet.ays.ģ° back mext and ơn o make CollusianSustaTmable
2. (Dynamic Game) Now suppose the same game in Problem 1 is repeated indefinitely in each period t-1, 2, 3,.... Let 6 (0, 1) denote the firms' common time discount factor. (a) Define the Bertrand repeated game and compute its minimum threshold value of δ that would make collusion sustainable (+)邛0e f two bet.ays.ģ° back mext and ơn o make CollusianSustaTmable