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| Author: | Lambertini, L. |
| Title: | Prisoners dilemma in Duopoly (super) games. |
| Journal: | Journal of Economic Theory
1997 : NOV, VOL. 77:1, p. 181-191 |
| Index terms: | MARKET RESEARCH DUOPOLY PARETO LAW |
| Language: | eng |
| Abstract: | In this article is modeled the choice between quantity and price in order to stabilize collusion. It is shown that this relocates the prisoners' dilemma backward, from the market stage to the stage where the market variable is chosen in order to sustain collusion, and where discount rates appear as the payoffs. Likewise, a prisoners' dilemma arises also when both the market variable and the type of behavior (cooperative or non-cooperative) are simultaneously chosen. |
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