The continuous Prisoner's Dilemma is a reasonable model for nuclear crises (usually represented by “Chickenâ€), and for the arms race. This article addresses the existence of credible deterrence strategies that promote cooperation as a dynamically stable steady state. Decisions made...

This paper tests the hypothesis that meat and poultry wholesalers choose their inventory levels together with wholesale price so as to maximize profit made over the sales time of their stock. The behavioral assumption predicts that markup over average cost will match the inverse of the price...