1:25 "As a result, a type of Prisoner's Dilemma can form" Maybe I'm missing analogy here, but there seems to be no pure equilibrium where both defect --- it looks kinda more like volunteer's dilemma
Dear @williamspaniel, I am currently working on a paper that considers OPEC(+) in a game theory - framework, and I was wondering if you have any information to give on the combination Differentiated Cournot Duopoly, and a Cartel situation therein. Thanks in advance. i love your recent work on conventional politics btw!
Thanks for all of these videos. I feel that the consistency of the very high quality is pretty…firm 😎
1:25 "As a result, a type of Prisoner's Dilemma can form"
Maybe I'm missing analogy here, but there seems to be no pure equilibrium where both defect --- it looks kinda more like volunteer's dilemma
Yeah I agree. Hopefully William can weigh in at some point, or maybe he addresses this somewhere in another video…
Dear @williamspaniel, I am currently working on a paper that considers OPEC(+) in a game theory - framework, and I was wondering if you have any information to give on the combination Differentiated Cournot Duopoly, and a Cartel situation therein. Thanks in advance. i love your recent work on conventional politics btw!
Hi, how can we prove the prisoner dilemma in the product differentiation case?