User Account

All Pages

Game Theory, Microeconomics

Assignment Help:
Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not provided, contributions are not funded. Each person ranks outcomes from best to worst as followed:
(i) an outcome in which the good is provided and she does not contribute. (3)
(ii) any outcome in which the good is provided and she contributes. (2)
(iii) Any outcome in which the good is not provided and she does not contributes. (0)
(iv) Any outcome in which the good is not provided and she contributes. (-1)
Formulate this situation as a strategic game. represent the game in the form of the payoff matrices and find any and all Nash Equilibria. Show your logic

Related Discussions:- Game Theory

Visit to village panchayat for agriculture based project., any village panc...

any village panchayat in west bengal and get information for doing a project.

Subject matter of economics, Ask factor affects elasticity of demandquestio...

Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#

Three-sector model, find equilibrium level of income

find equilibrium level of income

Pigou''s welfare economics.., market failure

market failure

Japanese and American production, What is the graph of the production possi...

What is the graph of the production possibilities frontiers for the American and Japanese economies if American worker can produce 10 tons of grain a year and Japanese worker can p

Econometric, I need help with tutoring session for an economic coursework

I need help with tutoring session for an economic coursework

Utility, Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50...

Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five time

Chamberlin’s model of stable equilibriumle.., definition

definition

Haberler''s theory of opportunity cost, How has the haberler''s theory of o...

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

Iso, what is an iso curve

what is an iso curve

Write Your Message!

Captcha
Order Assignment

Featured Services

Order Now

Popular Subjects

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd