Any dominant or dominated strategies for either player

Assignment Help Macroeconomics

Reference no: EM13875178

Two identical firms have MC = $1 (no FC) and face a market demand of: P = 6 - Q.

a)Cournot Duopoly: Each firm chooses a discrete quantity: 0, 1, 2, or 3. Present the game in matrix form, and find its pure strategy Nash equilibria. Are there any dominant or dominated strategies for either player?

b)Bertrand Duopoly: Each firm can choose any price. What is/are the Nash equilibrium/a?

Reference no: EM13875178

Questions Cloud

The after tax amount of the dividend : Firm A paid an end of year dividend of $3.75. For corporate investors with a tax rate of 35% and an exclusion rate of 70%, the after tax amount of the dividend is:

What will the share price be after the dividend is paid : Suppose that a firm that operates in a perfect world has assets worth $12,000, no debt,, and 300 shares outstanding. If this firm pays a dividend of $6.50 to each shareholder, what will the share price be after the dividend is paid?

Why is the short run aggregate supply curve : Why is the short run Aggregate supply curve have a positive slope and the long run supply curve a vertical one?

What is the STRIPS price : A STRIPS traded on May 1 2014, matures in 16 years on May 1 2030. Assuming a 5.2 percent yield to maturity, what is the STRIPS price? (Use Excel to answer this question. Enter your answer as a percentage of par value. Round your answer to 4 decimal p..

Any dominant or dominated strategies for either player : Two identical firms have MC = $1 (no FC) and face a market demand of: P = 6 - Q. a)Cournot Duopoly: Each firm chooses a discrete quantity: 0, 1, 2, or 3. Present the game in matrix form, and find its pure strategy Nash equilibria. Are there any ..

Firms have long-run target dividend payout ratios : Firms have long-run target dividend payout ratios. Dividend changes follow shifts in long-term, sustainable earnings. Managers are reluctant to make dividend changes that might have to be reversed.

One of the most important items is a daily schedule : Miss Jamie has many amazing thematic units planned for her Pre-Kindergarten children. She has used the domains and Best Practices to plan these lessons. As she begins a new week, she is exhausted from her schedule and reflects on what happened.

What is the yield to maturity of this bond : A Treasury bond with the longest maturity (30 years) has an ask price quoted at 99:01. The coupon rate is 4.30 percent, paid semi annually. What is the yield to maturity of this bond?

Analyze these transactions on a work sheet similar : Sally Golfo, a registered nurse, opens a business called Sally Elder Care. Golfo plans to care for the elderly herself in a facility that she will rent.

User Account

All Pages