Business Learning Community

“Become who you want to be.”

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

How to Force Cooperation in a Prisoner’s Dilemma?

The way out of a prisoner’s dilemma is to find a way to penalize those who do not cooperate.

Perhaps the easiest approach for colluding oligopolists, as you might imagine, would be to sign a contract with each other that they will hold output low and keep prices high.