Author Question: An illustration of a non-credible commitment is the promise a. to not increase capacity in a ... (Read 63 times)

WWatsford · **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'