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Economic Policy

Prisoner's dilemma and oligopolies

Imagine that you're on vacation in Russia, when suddenly you're arrested and accused of spying for the US. (You're innocent, of course). Your captors inform you that if you confess, you'll receive a prison sentence of two years, while your co-conspirator (whom you've never heard of) will receive a prison sentence of twenty years


A hotel owner, having heard that new hotels plan to open in the area, says, "We have too many hotels in this town already. Statistics show that vacancy rates average 20 percent on any given night." Assuming his statistics are correct, evaluate his negative assessment of the situation in terms of business-stealing and product-var

American Public Education Analysis

Need some good ideas on a solution to the following problem. How can we pay for this solution? Cuts in present programs or new taxes? Is there any thing we could change in our current U.S. constitution to implement a possible solution to the following problem? America spends more on each student in public education than any o

Re:Posting 11414

Your previous response seems good and logical but I would feel more comfortable if the additional information I am going to give would change your response in any way. You already know the market percentages for General Motors, Ford, and Bmw. Let me give you the figures for the remaining companies:DaimlerChrysler(14%)Toyota(11%)