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1. Explain why the rules of Axelrod's tournament favored tit-for-tat. What strategy would best tit-for-tat head to head? What does this suggest about the reasonableness of the SPNE?
2. During the Great War of 1914-18, German and British soldiers engaged in trench warfare where units faced each other across the trenches for long periods of time. Instead of following official orders to shoot each other as often as possible, some units would establish a "live and let live" policy with the other side where they could walk above ground in safety and even fraternize with the enemy. Axelrod argues in his case study that these instances represent cooperative equilibria to repeated Prisoners' Dilemma games.
If the average price of goods in Europe increase from 100 in year 2000 to 130 in year 2010. If the average price of goods in the U.S. rises from 120 in year 2000 to 140 in year 2010.
What is offshoring of white-collar service jobs, and how does it relate to international trade? Why has it recently increased? Why do you think more than half of all offshored jobs have gone to India?
Discuss the differences between the long run and the short run. What are the implications for the firm of making decisions in the short run and making decisions in the long run? Discuss the limitations and freedom of the two time horizons.
Component of your country (France) analysis - the political assessment. Identify political concerns that a business would have in working in that country.
U.S. railroads in the 19th century were M- form organizations based on geography. Why might a large railroad be better organized as M-form than U-form
Following are parameters for an open economy open economy where C=10+.8(y-T); I=10 G=10 T=10 and imports and exports are given by IM=.3Y and X=.3Y* respectively where Y is foreign output.
The people managing the bridge consortium say they always expected a dip in car traffic from a summer peak of 20,000 vehicles a day. But they admit that the current daily flow of 6,000 vehicles or so must increase if the bridge is to pay its way i..
In Cozmetal labor unions are illegal, and anyone caught trying to organize the workforce of any commercial enterprise is flogged to death in the public square with a cat-o-nine-tails adorned with darning needles.
If the relative wage w/w* for US decreases to 5 due to productivity changes, which country would now be exporter of books, and why?
What is the impact of Russia's climate and natural landscapes on the country's pattern of economic development. Identify advantages and disadvantages of Russia's natural environment for its regional economic development prospects.
What can you say about the ef?ciency of world production and the division of the gains from trade between Home and Foreign in this case?
terrorst attacks foster inability and may affect productivity over the short and long term. Do you think the september 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short-and/or long-term productivity in the Unite..
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