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Business, 06.08.2019 23:30 QueenNerdy889

Consider the following simultaneous move game that is played twice (the players observe the first period outcome prior to the second period play):
player 2 lcr
t player 1 m
b
(a) find all the pure strategy subgame perfect equilibria with no discounting (Ξ΄ = 1). be precise in defining history contingent strategies for both players.
(b) for each of the equilibria you found above, find the smallest discount factor that supports it.

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