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pirex pirex
wrote...
Posts: 634
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6 years ago
Collusion is more successful in a game that will continue forever or in a game with an uncertain ending time than in a game with a known ending time.
True or False? Provide an explanation.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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wrote...
#1
6 years ago
True ... Because In games with a known final period players will cheat in the final period. This is true because the final period becomes a single period game. By the same reasoning, players will cheat in the period prior to the last period, etc. Thus, when players know the last period, they are more likely to cheat in each period.
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