Draw game in two standard forms, Macroeconomics

Consider the following game [payoffs are in the form: (Ann, Bob, Carol)]:

2243_Tree 1.png

a) List each player's actions and strategies.

b) If Ann "buys" Carol's position in the game (i.e., she moves for Carol and collects Carol's payoffs in addition to her own), what are her new strategies?

c) The game is represented above in what form? Represent the new game in the normal (strategic) form.

d) If Ann cannot observe Bob's actions, draw this game in the two standard forms.

Posted Date: 3/9/2013 4:34:44 AM | Location : United States







Related Discussions:- Draw game in two standard forms, Assignment Help, Ask Question on Draw game in two standard forms, Get Answer, Expert's Help, Draw game in two standard forms Discussions

Write discussion on Draw game in two standard forms
Your posts are moderated
Related Questions
I want to know price and estimate time on this assignment.

Q. Relationship between L and P? • As long as L is smaller than LB, L may change with no change in prices. In this range, there is no relation between L andP. • When L is betw

A) With asymmetric information, free markets may not lead to efficient outcomes because the market for a service or product may break down due to adverse selection. Explain what ad

"Subsidizing the price of milk or other agricultural products is not very expensive considering how many consumers there are in the United States. Therefore, there is little harmfu

Commercial Banks: Balance Sheet The accompaning table gives the balance sheet of a commercial bank in a simplified format. The balance sheet contains particulars of a Bank's cu

For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annu

Many investors and financial analysts believe the Dow Jones Industrial Average (DJIA) provides a good barometer of the overall stock market. On January 31, 2006, 9 of the 30 stocks

Q. Important points about the classic model? The most important points about the classic model are as following:  Monetary and fiscal policy can't affect the GDP or unem

You make a monthly deposit of $1,000 into a saving account for the next 10 years. How much can you withdraw immediately after your last deposit if your saving account pays 6% per y

Price 10,9,8,7,6,5,4,3,2,1 QD 0,1,2,3,4,5,6,7,8,9,10 TR? Ed?.