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A supplier and a buyer, who are both risk neutral, play the following game
The buyer orders a good of quality q ≥0 from the supplier and promises to pay s≥0
The supplier decides which quality q'≥0 to deliver
The buyer observes q’ and decides how much to pay s'≥0 for the delivered quality
The buyer’s payoff is q'-s', and the supplier’s payoff is s'-C(q'), where C(q') is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.
What is the subgame perfect equilibrium of this game?
Suppose you have been offered chance to participate in a Treasure Hunt game whose rules are as follows. There are 3-colored boxes: red, green and yellow.
The time between surface nish problems in a galvanizing process is exponentially distributed with a mean of 40 hours. A single plant operates three galvanizing lines that are assumed to operate independently.
For the time-frame of this study, once a market has reached a higher category, it won't fall back to a lower category. What is the probability that Logistics will stop providing service to an Intermediate market before becoming a High market?
In the game of roulette, a player can place a $8 bet on the number 33 and have a 1/38 probability of winning. If the metal ball lands on 33, the player gets to keep the $8 paid to play the game and the player is awarded an additional $280.
Find 95% confidence intervals for the proportion of Tyson packages with contamination and the proportion of Perdue packages with contamination (use 3 decimal places in your answers).
There are 10 flights from Minneapolis to St. Cloud each day. The probability that any one flight is late is 0.05. Using the binomial probability formula, what is the probability that 1 or more are late?
An increasing number of consumers believe that they have to look out for themselves in the marketplace. According to a survey conducted y the Yankelovich Partners for USA Weekend magazine, 60% of all consumers have called an 800 or 900 telephone n..
It provides a range of values, any of which is a good guess at the possible value of the sample mean.
According to a survey, only 15% of customers who visited the web site of a major retail store made a purchase. Random samples of size 50 are selected.Referring to the information, the average of all the sample proportions of customers who will mak..
You are using the Durbin-Watson statistic to discover whether the value of your dependent variable at time t is related to its value at the previous time period.
A dentist sees about fifteen new patients per month (the rest of her patients are repeats). She knows that on average, over the past year, about half of her patients have needed at least one filling on their first visit.
What is the average length of time a car is in the yard, in the bump area, and in the painting area? What is the average length of time from when a car arrives until it leaves?
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