Assume there are two countries involved in a war country a

Assignment Help Microeconomics
Reference no: EM13371992

Assume there are two countries involved in a war. Country A is considering invading Country B through a bridge which is the only access point to country B. If country A invades through the bridge country B has the option to either fight or run away. Once country B chooses either to fight or run away, country A can decide either to retreat through bridge or continue with the assault.

A) when the two countries fight, the confrontation ends in a stalemate and both armies are vanished. If one country decides to fight while the other country runs away, the country fighting keeps its numbers while the country retreating loses half of its army. If both countries run away they both lose half of their army. Draw a game tree and find the Nash equilibrium for this game. Explain.

B) can country A change the outcome of the game by burning the bridge they are crossing to invade and committing its troops to fight? expand the game tree to show this option for county A and find the new Nash equilibrium. Explain

Reference no: EM13371992

Questions Cloud

Assume there are two countries involved in a war country a : assume there are two countries involved in a war. country a is considering invading country b through a bridge which is
Assume two classmates a and b are assigned an extra group : assume two classmates a and b are assigned an extra group project. each student can choose to shirk or work. if one or
Decade ago five firms supplied amateur color film in the : decade ago five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a technical
Describe nursing services in terms of how regulated it : describe nursing services in terms of how regulated it currently is.do you think this current state of regulation is
Assume there are two countries involved in a war country a : assume there are two countries involved in a war. country a is considering invading country b through a bridge which is
Choose and research a specific business that is publicly : choose and research a specific business that is publicly traded where there has been a pattern of change in a
Figure describes the costs and benefits resulting from : figure describes the costs and benefits resulting from different sizes of a ski resort that is being planned in a
A rolls-royce case studyintroduction no business today : a rolls-royce case studyintroduction no business today operates in a complete vacuum unaffected by market forces. by
Alicianasaukar and jennifer saukar sisters have been long : alicianasaukar and jennifer saukar sisters have been long term employees of nib corp.a company earning 236000 per year

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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