February 2016
Beginner to intermediate
500 pages
33h 40m
English
In the previous chapter, we analyzed static games, in which firms compete only once. We now consider how firms change their strategies and how the game’s equilibrium changes if a static game is repeated. The static constituent game might be played just once, repeated a finite (and prespecified) number of times, or repeated indefinitely.1
In both static and dynamic games, managers need to be able to describe and understand the game and predict the likely outcome so they can determine their best ...