Describes a systematic five-step procedure

Reference no: EM133377378

Question: Munoz-Garcia (2012) describes a systematic five-step procedure for finding perfect Bayesian equilibria in incomplete information games. Study the article and try to illustrate the application of this procedure to the signalling game between a monetary authority and a labour union worked-out in the paper (the suggested procedure is applied to test two separating and two pooling strategy profiles).

Reference no: EM133377378

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