Nike and Adidas Are Considering Whether to Advertise Heavily During

Essay

Nike and Adidas are considering whether to advertise heavily during the Soccer World Cup. Devise a simple prisoners' dilemma game to demonstrate the strategic considerations that are relevant to this decision. Does the repeated game scenario differ from a single period game? Is it possible that a repeated game (without collusive agreements) could lead to an outcome that is better than a single period game? Explain the circumstances in which this may be true.