Reference no: EM131329804
1. Prove that, if v is the minimax representation of a strategic-form game, then v must be superadditive.
2. Suppose that there are three firms producing the same product. Firm 1 is a small firm and can produce either zero units or one unit per day. Firms 2 and 3 are large firms, and each can produce either two or three units per day. The market price P depends on the total daily output, according to the formula.
P = 8 - (c1 + c2 + c3).
where c, is the daily output of firm i. The transferable payoff to firm i is its daily revenue Pc,.
a. Model this game in strategic form.
b. Calculate the minimax representation in coalitional form of this game with transferable utility. Calculate the Shapley value of this coalitional game and check whether it is in the core
c. Calculate the rational-threats representation in coalitional form of this game with transferable utility. Is this coalitional game superadditive? Calculate the Shapley value of this coalitional game. Is this Shapley value individually rational, in the sense that each player i gets at least the worth of his one-person coalition v({i})?
d. What are the defensive-equilibrium representations in coalitional form of this game with transferable utility?
Specific example of a policy or regulation
: 1. How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale?
|
Demonstrate steps performed in a k-means cluster analysis
: Demonstrate steps performed in a K-Means Cluster analysis.Review the "k-MEANS CLUSTERING ALGORITHM".Choose random center points (centroids) for each cluster. (Note: Each student will select a different random set of centroids.)Using a standard dista..
|
Compute price of bonds based on semiannual interest payments
: Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest rate of 10 percent and interest is paid semiannually. The yield to maturity on the bonds is 14 percent annual interest. Ther..
|
Read the macroeconomics section of the article
: 1. Read the Macroeconomics section of the article "noise" by Fischer Black and comment on the current state of the economy in that context. Just one page please.
|
Calculate the minimax representation in coalitional form
: Calculate the minimax representation in coalitional form of this game with transferable utility. Calculate the Shapley value of this coalitional game and check whether it is in the core.
|
Discussion on cultural diversity at a college in birmingham
: Imagine you are asked to participate in a panel discussion on cultural diversity at a college in Birmingham, Alabama. As part of your discussion on the importance of cultural diversity to all types of organizations
|
Describe the supply chain position of your company
: Regards to Indonesia research on (Top Stones)Cut Stone and Stone Manufacturing examples: Granite, quartz- based stone, serpentine, slate and soapstone. Describe the supply chain position of your company (Identify your position, types of customers, ty..
|
Imports some of the grapes it consumes
: Assume Canada is a small open economy that imports some of the grapes it consumes. a) Draw a diagram showing the equilibrium under free trade in grapes b) Show the effects of a $1 per kg tariff on imported grapes.
|
How many moles of water per minute are expelled
: The inhaled and exhaled air contain 0.50 and 6.2% by volume of water, respectively. For a respiration rate of 32 breaths per minute, how many moles of water per minute are expelled from the body through the lungs?
|