find the nash equilibria for all possible parameter, Macroeconomics

Two animals are fighting over a prey. The prey is worth v to each animal. The cost of fighting is c1 for the first animal (player 1) and c2 for the second animal (player 2). If they both act aggressively (hawkish) and get into a fight, they split the prey in two equal parts but suffer the cost of fighting. If both act peacefully (dovish) then they also split the prey in two equal parts but without incurring any cost. If one acts dovish and the other hawkish, there is no fight and the hawkish gets the prey.

(2.1) Write down the normal form of the game (the bimatrix of strategies and payoffs).

(2.2) Find the Nash Equilibria for all possible parameter configurations and given the following restrictions: v > 0, c1 > c2 > 0, v ≠ 2c1 and v ≠ 2c2.

 

Posted Date: 3/30/2013 1:20:44 AM | Location : United States







Related Discussions:- find the nash equilibria for all possible parameter, Assignment Help, Ask Question on find the nash equilibria for all possible parameter, Get Answer, Expert's Help, find the nash equilibria for all possible parameter Discussions

Write discussion on find the nash equilibria for all possible parameter
Your posts are moderated
Related Questions
By given scenario answer the following questions. 1. What phase of the business cycle is the economy? 2. If inflation increased by 5% during the same period, what was the cha

For this question you will use the dataset "march01.dat", which includes wages (column 1), age (column 2), a dummy variable indicating females (column 3), and years of education (c

Q. Explain the problem involved in consumer price Index? To explain the problems involved in calculating CPI we consider MP3 players. If you measure the average price of MP3 pl

Q. Augmented Phillips curve? Remember that Phillips curve, as it was incorporated into the Keynesian model, presumed a stable relationship between wage inflation andunemploymen

Q. Demand for money for AS-AD model? The money market  The demand for money depends negatively on R,positively on Y and positively on P in AS-AD model

After an oil price shock was impacted upon the other five variables in the model, many interesting results were found. I have already demonstrated that oil Granger causes i

From estimating the aforementioned unrestricted VAR, a table of coefficient and statistics will be produced. From this table, certain statistical information can be analysed, such

what is the impact of interest rate in consumption

What does a shift in the demand to the right mean? Why does the demand curve shift?

A design-build-operate engineering company burrowed $6 million for 3 years so that in can purchase new equipment. The interest is compounded and the total amount owed will be paid