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The literature on normal form games generally depicts the payoff matrices of two or three players. However, many such games discuss n-players. Therefore, this note studies the payoff representations of n-player normal form games.
Persistent link: https://www.econbiz.de/10004977739
Cooper (1986) examines the equilibrium of the retroactive most-favored-customer pricing policy by using a two-period duopoly model. He shows that the most-favored-customer policy enables both firms to offer higher prices and to enjoy higher profits. Neilson and Winter (1992) show that even if...
Persistent link: https://www.econbiz.de/10008853041