Explore BrainMass
Share

Explore BrainMass

    Tit for Tat pricing

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    If industries are engaging in a tit for tat strategy how would an observer/analyst "prove" it? Is there a model or mathematical formula (that's easy to follow?)

    I am comparing tit for tat pricing strategy between Ford and GM

    I have the success factors and Prisoner's Dilemma context setting.

    I only need a model or math formula that "proves" tit for tat pricing. Is there such a thing?

    © BrainMass Inc. brainmass.com October 9, 2019, 6:58 pm ad1c9bdddf
    https://brainmass.com/economics/principles-of-mathematical-economics/tit-for-tat-pricing-103568

    Solution Summary

    Help to demonstrate Tit for Tat pricing is achieved.

    $2.19