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
Assume that the economy is characterized by the following structural equations: C = 160 + 0.6 (4 - T) I = 150; G = 150; T = 100. a) Determine the equilibrium output level

TRADE IN SERVICES: India had objected to  the  inclusion of  trade in services  in  the agreement for  the UR  negotiations. The  Indian negotiations continued to raise object

Your company has asked you to analyze two mutually exclusive projects for the coming year. Project A will have an initial outlay of $7,200. Project B will cost $6,800. Both project

Suppose price elasticity of demand for HP laptops is -2.3. If the price of an HP laptop is $1,000, what should the new price be to have an increase of 10% in quantity demanded for

Marginal Propensity to consume or known as  (MPC)  relates to a change in net or total consumption expenditure to a change in the total disposable income. Symbolically it is writt

money demand = 3500 - 250i what is the interest rate present if the money market is in equilibrium

What are the Four different measures of GDP Using circular flow model we see that there are 4 equivalent techniques of measuring GDP: Using the definition: market value

Discuss the concept of dynamic multiplier.


Explain the Exchange rate system in western world The most common exchange rate system in western world during previous century was the fixed exchange rate system. Up to 1930s,