Game Theory, Microeconomics

Assignment Help:
Three People choose whether to contribute a fixed amount toward the provision of a public good. This good is provided if and only if at least two of them contribute. If it is not provided, contributions are not funded. Each person ranks outcomes from best to worst as followed:
(i) an outcome in which the good is provided and she does not contribute. (3)
(ii) any outcome in which the good is provided and she contributes. (2)
(iii) Any outcome in which the good is not provided and she does not contributes. (0)
(iv) Any outcome in which the good is not provided and she contributes. (-1)
Formulate this situation as a strategic game. represent the game in the form of the payoff matrices and find any and all Nash Equilibria. Show your logic

Related Discussions:- Game Theory

Define about mutual fund, Q. Define about Mutual Fund? Mutual Fund: A f...

Q. Define about Mutual Fund? Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in o

Production, What are the factors that determine the volume of production?

What are the factors that determine the volume of production?

Explain the negative effects of import-substitution policies, Outline the p...

Outline the possible negative effects of import-substitution policies. Define and outline import-substitution; focus on reducing domestic reliance on imports by implementing hi

I am concerned that if we get into price war with Ev, I am concerned that i...

I am concerned that if we get into price war with Everest Solution

\, Select the production possibilities curve for an economy with 42 units o...

Select the production possibilities curve for an economy with 42 units of labor

Applications, hey, I just have a question on how to apply things like ATC a...

hey, I just have a question on how to apply things like ATC and AVC in a problem. im just not too sure about what happens to the quantity of a particular good when asked. this is p

Exchange rates, EXCHANGE RATES: The current unit focuses on exchange r...

EXCHANGE RATES: The current unit focuses on exchange rates and is a more in-depth study of foreign exchange markets from the perspective of financialeconomics.You have been ac

102, why does the quantity of salt tend to be unresponsive to changes in it...

why does the quantity of salt tend to be unresponsive to changes in its price

Home work, #question. what is the underlying reason for the law of increas...

#question. what is the underlying reason for the law of increasing opportunity cost?

National income determination, National Income Determination: National...

National Income Determination: National Income Determination deals with what determines the size of a nation’s national income. The size of a nation’s national income is deter

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd