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Find a nash equilibrium of three-type economy

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Reference no: EM131253669

Consider a three-type economy like the one described in Section 20.1.3. Assume that θH is 10, θM is 4 and θL is 2.

a) Assume that there are 5 type H people, 15 type M people, and 10 type L people. Find a Nash equilibrium.

b) Assume that there are no type H people, 15 type M people, and 15 type L people. Find a Nash equilibrium.

Reference no: EM131253669

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