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Game Theory and Strategic Behavior
[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],No Price Change Price Increase No Price Change Price Increase Firm 2 Firm 1 10, 10 100, -30 -20, 30 140, 35
[object Object],[object Object],[object Object]
[object Object],[object Object],Firm 2 Firm 1 No Price Change No Price Change Price Increase Price Increase Both firms increasing their price is also a Nash  equilibrium 10, 10 100, -30 -20, 30 140, 25
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],Firm 1 Firm 2 Firm 2 Minimum Firm 1 Minimum New Product No New Product No New Product New Product 3 2 2 3 4, 4  3, 6 6, 3 2, 2
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],Firm 2 No new product Introduce new product Firm 1 No new product $2, $2 $-5, $10 Introduce new product $10, $-5 $-7, $-7

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Game Theory

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