Cartel cheating
Not what you're looking for?
Could you please provide with an example of realistic for the following theme:
1- Price competition and the prisoners' dilemma
2- Cartel cheating
Both examples should quote from internet
NOTE:
The amount of words is not highly important, brief of the examples and a links guide me to the full examples is sufficient.
Thanks,
Purchase this Solution
Solution Summary
The expert examines Cartel cheater. Price competition and the prisoner`s dilemma are determined. Examples of both are provided.
Solution Preview
1. Price competition and prisoner's dilemma
example OPEC
Opec has 11 oil producing countries and they set a fixed amount of output collectively to profit maximize. However, there are always some countries who cheat by producing more (as prisoner's dilemma suggested). This is a good article which outlines this issue.
http://www.thebulletin.org/web-edition/columnists/kurt-zenz-house/opec-and-the-prisoners-dilemma
Cartel Cheating
example, Auction houses, Christie's and Sotheby's
There are two large ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.