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
Assume in country-A Central Bank cares only about keeping the price level stable & in country-B, its central bank cares only about keeping output & employment at their natural rate

Researchers have put forth various theories to explain the observed widening of the income distribution in the United States over the past four decades. First, there has been a sh

Can the federal government go bankrupt? Explain.

Trends of Trade Shares: India's share in total world exports in 1950 was 1.85 percent and the share in total world imports was 1.7 1 percent. The share of both exports and imp

how to work out National Income?

What is the use of long-run average total cost curve in the producing output? The long-run average total cost curve demonstrates the relationship in between output and average t

Why a perfectly competitive retail market is more competitive than a monopoly


Q. Explain the Says Law? GDP, and Say's Law Aggregate supply Y S = f(L, K) in the classical model where L is concluded in the labor market while K is

Q. What is Labor Market? Labor market in the IS-LM model is the same as in cross model. Hence the IS-LM model is only applicable if profit-maximizing quantity of L would result