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The board of directors of a certain company contains four members (including the chairman of the board).
A motion is passed by the board only if the chairman approves it, and it is supported by a majority of the board (i.e., gets at least three votes).
Write down the coalitional function of the corresponding game.
Find all the ESSs, in pure and mixed strategies, of the game. - Pairs of players bargain over the division of a pie of size 10.
Pepsi produces Fritos and Lays potato chips in addition to its basic soft-drink products. Discuss potential ways that this business combination might increase value.
Find the Nash equilibrium (equilibria?) of this game. Explain why the logic behind the equilibrium is called adverse selection.
Answer the following questions for each one of the games below, whose payoffs are in R2.- Draw the sets R1(p) and R2(q), for every p and q.- Find four B-sets for Player 1.
What distribution the means of 10 brains follows? Calculate the parameters to describe this distribution (i.e., mean and standard deviation of the means).
What values of p1 and p2 are needed to make (C, C) a Nash equilibrium of the induced game? - Compare the unilateral commitments described here with contracts.
Which firm produces more in equilibrium? How do the quantities produced in equilibrium change if Firm 1 improves its technology, leading to a slightly lower
Demand for airline tickets fluctuates throughout the year, which affects the price of an airline ticket. Suggest the type of game that may be most appropriate for a specific airline to play to address the differences in demand and elasticity and the ..
Is it still true that each player bidding his valuation is a weakly dominant strategy? - Are there other Nash equilibria of this game?
Write a critique analysis not more than 6 pages using his journal and others sources from his reference to to criticize.
Does this game have any Nash equilibria? If so, what are they? - What is the set of rationalizable strategy profiles for this game?
Does one of the players have a strategy that guarantees him a win? If so, which player has a winning strategy?
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