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Raising Cane's is a fast-food chicken finger establishment based in USA. The restaurants are popular throughout the USA, and Cane's has recently been approached by people interested in opening Cane's restaurants in other countries (e.g., UAE, Australia, Canada, and Mexico). Cane's prepares high quality fried chicken fingers and has a limited menu consisting of fingers, fries, and lemonade. Discuss the research design strategy for this case.
Assume you are one of two manufactures of tennis balls. Both you and your competitor have zero marginal costs. Total demand for tennis balls is
Does this game have a pure-strategy Nash equilibrium? If so, describe it. If not, explain why. - describe a mixed-strategy equilibrium of this game. Explain whether people obey the law.
Assume that a population is normally distributed with a mean of 100 and a standard deviation of 15. Would it be unusual for the mean of a sample of 3 to be 115 or more? Why or why not?
This questions are related to Environmental Forces and Sustainability.
Compute the subgame perfect equilibrium of this market game.- Do so by first finding the equilibrium quantities and profits in the Cournot subgames.
Consider the two-period repeated game in which this stage game is played twice and the repeated-game payos are simply the sum of the payos in each of the two periods.
Show that the requirement that the number of owners who sell their horses must equal the number of nonowners who buy horses.
Prove that the following two claims hold for any closed set C ⊆ Rm (recall that M is the maximal payoff of the game, in absolute value):- C is approachable by a player if and only if the set {x ∈ C: ? x ? ≤ M} is approachable by the other player.
Show that when α = γ = 1, for any value of λ > 0 the game studied above has an (asymmetric) Nash equilibrium in which each type t1 of player 1 bids (1 + λ)t1 and each type t2 of player 2 bids (1 + 1/λ)t2.
Find the set of rationalizable strategies. Find all pure and mixed-strategy Nash Equilibria. Calculate the firms' best response functions BR1(q2) and BR2(q1).
In an experimental study of the effects of exercise on stress, participants are randomly assigned to either the no exercise or the exercise conditions. Identify what type of study this is-between-, within-, or matched-participants. In addition, id..
Depict this situation as a Harsanyi game with incomplete information.- List the pure strategies of the two players.- Find two Bayesian equilibria in pure strategies.
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