Did you calculate your countries optimal strategy? If so, how?
Assignment: Explain how your country approached deciding your submitted quantities for the different periods in Year 1, Year 2 and Year 3.
For each year, this memo should include, but not be limited to:
- Did you calculate your countries optimal strategy? If so, how?
- Did you consider the other countries actions in your optimization? If so, how?
- Did you adjust your strategy after receiving information on resulting prices and quantities for each period? If so, how?
- How did you formulate your bargaining position in the cartel negotiations?
- Did you ever adhere to the cartel agreement? If so, explain why.
- Did you ever cheat on the cartel agreement? If so, explain why.
- Which of your actions seemed successful?
- Which of your actions seemed misguided?
- What would you do differently now?
joyce
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