Economic and Game Theory
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| 09/01/2015 01:17 AM by frank; applied prisoners dilemma |
my introductory game theory class is a while ago, but now im confronted with an issue that i think fits good into game theory and maybe one can help me solving it. I am analysing remunerations cataloges:
Each player can perform services s. There is a certain cost c per service.
The profit each player i gets depends on the amount of his own services
and the services of other: p=si x / s - c si
p payoff
x is a budget
si player i's services
s sum of services
Nobody knows how many services the other players perform. The game is repeated. I feel this is a kind of prisoner’s dilemma, but I am not really sure how to solve it. Maybe you can give me a direction and help me out here. [Manage messages]