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7 Aug 2019

To what extent do your options for approaching a conflict depend on the other person's behavior?

Think of a situation in which you have wanted to use a cooperating style and found that the response you received made it difficult or impossible.

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Keith Leannon
Keith LeannonLv2
7 Aug 2019

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Related questions

Think of a time when you were involved in strategic decision-making. This could be a business situation or a personal situation. It could be anything from purchasing inputs for a manufacturing firm to trying to divide up household chores. The strategy is huge in sports - Should we punt or go for it on the 4th?

1. Discuss your dominant strategy for the situation.

2. What was the other person's dominant strategy?

3. What was your unique solution?

4. Were you happy with the outcome?

5. If someone was unhappy with the outcome, help your classmates figure out what their dominant strategy should have been.

Please answer each part of the questions and use game theory terminology. Make sure that you have an adversarial situation with at least two parties.

 

Consider the infinitely repeated game that I discussed in class that relies on the grim trigger strategy. I used the following definitions.

Î coop = payoff for one period to a cooperative firm given that

the other n-1 other firms are also cooperating.

Î ch = payoff for one period to a firm that has cheated given

that the other n-1 firms are playing cooperatively.

Î comp = payoff per period per firm if all n firms are playing

competitively.

Assume (1) that this industry is perfectly competitive in the absence of collusion; and (2) that if any single firm undercuts the collusive price-by even a tiny amount- it gets the entire market and other firms sell nothing; (3) if all n firms are cooperating, each sells the same amount as all the other firms.

Questions:

1. What does Î comp equal numerically?

2. If β equals .9, what is the maximum number of firms there can be in this industry if collusion is to be sustained as a Nash equilibrium?

3. Does your answer to the previous question depend on the size of the collusive payoff?

4. What law did the lysine defendants get charged with?

5. If they had set lower collusive prices, would this fact have affected their guilt or innocence? Explain.

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research information on this company that have engaged in monopoly behavior of Microsoft and explain how society has been affected by the monopoly behavior using that information. In your analysis include the following points, providing specific examples where appropriate:



Discuss the current monopoly to provide a brief overview of the company.


How did the monopoly arise? Did the monopoly increase barriers to entry?


Does the company behave like a monopoly or more like a competitive firm?


Has the monopoly been cited for monopoly behavior? If so, discuss the behavior and the final outcome of the case.


(Hint: Both Microsoft and Wal-Mart have been found guilty of monopoly behavior.)



Formal references in APA format must be provided. This submission must be paraphrased in your own words.No more than 10% of your document can be quoted.

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