Opec Game Demo Academic Essay

  1. Did you calculate your countries optimal strategy? If so, how?
  2. Did you consider the other countries actions in your optimization? If so, how?
  3. Did you adjust your strategy after receiving information on resulting prices and quantities for each period? If so, how?
  4. How did you formulate your bargaining position in the cartel negotiations?
  5. Did you ever adhere to the cartel agreement? If so, explain why.
  6. Did you ever cheat on the cartel agreement? If so, explain why.
  7. Which of your actions seemed successful?
  8. Which of your actions seemed misguided?
  9. What would you do differently now?

 

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