Why is There Champagne On Offer at New Year’s Eve? Prisoner’s Dilemma

Sebastian Oetzel () and Andreas Luppold ()
Additional contact information
Sebastian Oetzel: Hochschule Fulda – University of Applied Sciences

Chapter Chapter 10 in 33 Phenomena of Purchasing Decisions, 2024, pp 51-54 from Springer

Abstract: Abstract This chapter introduces the prisoner’s dilemma from game theory, provides a game-theoretical explanation for the frequent implementation of price promotions in retail, and discusses a strategy to avoid the prisoner’s dilemma in repeated games from a theoretical perspective.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-44799-1_10

Ordering information: This item can be ordered from
http://www.springer.com/9783658447991

DOI: 10.1007/978-3-658-44799-1_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().