Homework Answers
Q) for Leniency to be dominant strategy
Each player should get higher payoff from leniency, for any choice of other player
R/2 > 0
R>0
& R > pπ
Thus condition : R > pπ
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Consider the game represented by the payoff matrix below. Two firms are colluding and setting high...
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Consider two firms 1 and 2 engaging into the following one-shot game: if firm 1 advertises...
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Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The following payoff matrix...
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