Determine the nash equilibrium, Microeconomics

              Player 2

 

C

B

A

1,2

3,2

B

2,3

a, b

 

      Player 1

 

 

 

a. If B is a dominant strategy for Player 1, what do we know about a?

b. If C dominates D for Player 2, what do we know about b?

c. If (B,D) is a Nash equilibrium, what must be true about a and b?

d. What values, if any, make (A,C) a Nash equilibrium?

Posted Date: 3/6/2013 3:02:04 AM | Location : United States







Related Discussions:- Determine the nash equilibrium, Assignment Help, Ask Question on Determine the nash equilibrium, Get Answer, Expert's Help, Determine the nash equilibrium Discussions

Write discussion on Determine the nash equilibrium
Your posts are moderated
Related Questions
A Period of Deterioration: The entire period was very difficult for India's BOP, partly because of slow growth of exports in relation to import requirements and partly because

Most lotteries in the United States pay their winnings over time. For illustration, a million-dollar winner will receive $100,000 initially and the rest in equal installments over

Asian Crisis: Between 1997-98, several of the East Asian tiger economies suffered a severe economic and financial crisis. it had big consequences in the global financial markets, t

analyse the rise and fall in the price under market equillibrium situation?

List four characteristics of monopolistic competition

Long Waves: Longer-term periods of stagnation or growth in the economy, that can last for a decade or more and reflect broader changes in technology, politics, and international re

1 Differentiate between a firm and a market. 2 Graphically illustrate (i.e. draw) and explain the relationship between the market demand curve and the individual firm's demand c

How has the haberler''s theory of opportunity cost been an improvement over the classical theory of trade

the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss