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    Cartel cheating

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    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.


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    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.


    Cartel Cheating

    example, Auction houses, Christie's and Sotheby's

    There are two large ...

    Solution Summary

    The expert examines Cartel cheater. Price competition and the prisoner`s dilemma are determined. Examples of both are provided.