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Choose an issue recently covered in the news faced by a business in the United States.
Let T = 1. What is the critical value δ1 to support the pair of actions (M,m) played in every period? - Let T = 2. What is the critical value δT to support the pair of actions (M,m) played in every period?
Draw the sets R1(p) and R2(q), for every p and q.- Which of the following sets is a B-set for Player 1, which one is a B-set for Player 2, and which one is neither?
In the years 2000 and 2001, the bubble burst for many Internet and computer firms. - Describe the equilibrium strategies and briefly explain why this is an equilibrium.
The player who moved last (the one who caused the number of pennies to exceed fifteen) wins the game. - Determine which of the players has a strategy that guarantees victory, and describe the winning strategy.
Analyze the renewable resource problem for N players. Is it true that all of the resource is extracted in the first period if N approaches infinity?
Assume that the relationship between the growth of a fish population and the population size can be expressed as g = 2P - 0.1P, where g is the growth in tons and P is the size of the population (in thousands of tons).
The probabilities are common knowledge, but the true type is revealed only to each firm individually. Solve for the Bayesian Nash equilibrium.
What conclusions can you draw concerning the effectiveness of the medications?
Repeat the analysis of the principal-agent game in this chapter, under the assumption that p is the probability of a successful project with high effort (rather than 1/2 as in the basic model). How does the optimal contract de-pend on p?
The following questions are about the competing values framework CVF How is the CVF similar to earlier management models?
Discuss the advantages and disadvantages of being on a team.
Compare and contrast international trade, licensing, franchising, and FDI.
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