Suppose they have a written contract, or even an unwritten contract, what enforces the contract for colluding firms or crooks in jail?
假如他们签了一份书面协议,或干脆口头的,他们怎么强制履行呢
A contract is more then communication, a contract is communication with teeth. It actually changes the payoffs.
协议的效力大于口头约定,协议是有违约责任的,它影响收益
So basically, we're stuck with this verbal agreement and we both have an incentive to cheat and produce more whatever it is, sugar water.
但不管怎样,在这个口头协议不起作用,我们都有违约,生产更多这种糖水的动机
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