Group activity:

  • Cournot and Bertrand Games, December 2018
  • The activity is based on Beckman, S. R., 2003, “Cournot and Bertrand games” Journal of Economic Education, Vol.34, No.1, pp.27-35

Here’s Bart Wilson on the meaning of the word “fair”:

This page ties into Chapter 5 of Economics: A Complete Guide for Business

Learning Objectives: Gain experience of iterated prisoner’s dilemmas
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