External Pressure on Alliances: What Does the Prisoners’ Dilemma Reveal?

Prompted by a real-life observation in the UK retail market, a two-player Prisoners’ Dilemma model of an alliance between two firms is adapted to include the response of a rival firm, resulting in a version of a three-player Prisoners’ Dilemma. We use this to analyse the impact on the stability of t...

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Bibliographic Details
Main Authors: Jane M. Binner, Leslie R. Fletcher, Vassili Kolokoltsov, Francesco Ciardiello
Format: Article
Language:English
Published: MDPI AG 2013-12-01
Series:Games
Subjects:
Online Access:http://www.mdpi.com/2073-4336/4/4/754