Chang, Ming-Chung; Chiu, Yung-Ho - In: Economic Modelling 25 (2008) 5, pp. 868-875
We use the finite repeated Prisoners' Dilemma game model herein to discuss how firms choose their optimal strategy under a price war with market demand growth. This model has two players: one is an R-type player and the other is a TFT-type player. Each player has two strategies to choose from: a...