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
The amount of words is not highly important, brief of the examples and a links guide me to the full examples is sufficient.
Thanks,© BrainMass Inc. brainmass.com October 10, 2019, 1:09 am ad1c9bdddf
1. Price competition and prisoner's dilemma
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.
example, Auction houses, Christie's and Sotheby's
There are two large ...
The expert examines Cartel cheater. Price competition and the prisoner`s dilemma are determined. Examples of both are provided.