Consider two players in the following game. 
For what values of the discount rate would a grim trigger strategy ensure cooperation between the two players if they play forever?
Definitions:
Labor Income
Earnings derived from work, including wages, salaries, bonuses, and other compensation for employment.
Nonlabor Income
Earnings derived from sources other than employment, such as investments, pensions, or inheritance.
Leisure
The time individuals spend away from work or essential activities, dedicated to relaxation, recreation, or hobbies.
Wage Rate
The amount of money paid to a worker per unit of time (hour, day, etc.), which can vary based on skill, occupation, and market conditions.
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