Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose now that there are 100 legislators in a bargaining situation, splitting a pie of size 1. Player 1 proposes a split between the 100 players, including himself (in any continuous amount, he can allocate dierent shares to dierent palyers as long as these shares add up to 1). The other 99 players then vote on whether to split the pie in that way or not. If a majority of them (that is 50) vote for the split, then the split is implemented, each player obtaining the proposed share. If a majority vote against the split, then each player obtains 1 percent of the pie. (a) What is a subgame-perfect Nash equilibrium proposal of player 1, and what is the resulting outcome of the game? (b) Suppose now that dierent players obtain dierent shares (adding up to 1) when the majority vote is not passed. What happens in a SPNE then? (You can describe the solution to this in words, if that is easier).
What explains that ATC is U-shaped for two reasons. The first is the existence of diminishing marginal product.
When do assumptions made in conjunction with economic theorizing have to be realistic. Can unrealistic assumptions provide useful outcomes.
Briefly elucidate why magnification effect plays an important role in predicting where various groups in economy will support or oppose international trade.
how are companies using real options, what types of options exist, why are real options important, who uses real options, where are real options most appropriately used and what are experts saying about real options.
How could a company go about meeting those needs and thus motivate you to work better and harder.
An apparel manufacturer purchases cotton and other raw materials for the production of shirts. Would the sale of cotton from a cotton mill to the shirt manufacturer be included in the calculation of GDP? Why or why not?
What impact would (a) and (b) have on the real price of resources, profit margins, output, and employment.
Assume that the central bank takes the drastic strategy in part 1, but that the private sector has rational expectations.
explain why airlines might be more likely to match price cuts than price increases. (b) Which theory of oligopolistic behavior does the above situation most resemble?
Illustrate diagrammatically the set of allocations that are Pareto preferred to the initial allocation.
Elucidate why does strong mono tonicity implies local non satiation but not vice versa
Illustrate what is macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd