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Author Question: An illustration of a non-credible commitment is the promise a. to not increase capacity in a ... (Read 70 times)

WWatsford

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on: Jul 1, 2018
An illustration of a non-credible commitment is the promise
 a. to not increase capacity in a declining industry
  b. to match a new entrant's discount price
  c. to enter a profitable industry
  d. to restrain output to the quota assigned by a cartel
  e. to exit in the face of projected losses.

Question 2

In the strategic view of bargaining:
 a. You want to improve your opponent's outside options
  b. You want to decrease your outside options
  c. Bargaining is of a prisoner's dilemma game
  d. Bargaining is of a game of 'chicken'


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Bigfoot1984

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


WWatsford

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Excellent

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