How the bargaining rounds of alternating offers

Assignment Help Econometrics
Reference no: EM13222897

Consider negotiations over the price of a home in Newbury Park, California. Buyer Burke values the home at $740,000, and Seller Smith's best alternative offer is $700,000. Seller Smith values keeping the house at $650,000. S makes the first offer, with 4 bargaining rounds of alternating offers, and with S discounting 2% between each bargaining round. Compare bargaining outcomes when B discounts 10% between each bargaining round with B discounting only 1% between each bargaining round.

Reference no: EM13222897

Questions Cloud

Compute the intermolecular collision frequency : Calculate the intermolecular collision frequency and the mean free path in a sample of helium gas with a volume of 5.0 L at 27 degrees Celsius and 3.0 atm.
How puffs sets up its factories and distribution networks : You are a manager of Kleenex and you compete directly with Puffs selling facial tissues in America. Consumers find the two products to be indistinguishable. The inverse market demand for facial tissues is P = 3-Q (in dollars) in America.
Compute the mass of nitrogen dissolved at room temperature : Calculate the mass of nitrogen dissolved at room temperature in an 96.0 home aquarium. Assume a total pressure of 1.0 and a mole fraction for nitrogen of 0.78.
Compute the percentage ionization of salt : 0.5g KCl was dissolved in 100g water and the solution originally at 200C, froze at - 0.240C. Calculate the percentage ionization of salt. Kf per 1000g of water = 1.86K
How the bargaining rounds of alternating offers : S makes the first offer, with 4 bargaining rounds of alternating offers, and with S discounting 2% between each bargaining round. Compare bargaining outcomes when B discounts 10% between each bargaining round with B discounting only 1% between eac..
Explain what is the molality of zn in the solid solution : A particular sample of red brass consisting of 81.0% Cu and 19.0% Zn by mass has a density of 8780 kg/m^3. What is the molality of Zn in the solid solution?
Decribe how to prepare naoh solution : Decribe how to prepare 2.0 liters of a .20 M NaOH solution from 50%. (w/w) Naoh solution that has a density of 1.53 g/mL, and doing all measurements by volume, not mass.
Determine how much should home depot offer to pay : Home Depot and Lowes can hire a gardener to maintain a common area for $110 for each of the three summer months (June, July, August). Each month that the common area is maintained, Home Depot expects to gain $100 more profit and Lowes $50 more pro..
What does ethics have to do with recruiting : What does ethics have to do with recruiting and please define ethics and what is your opinin on selection processes around the world - what bias do you think you might have and is it important to take bias into consideration in your opinion

Reviews

Write a Review

Econometrics Questions & Answers

  What is the gdp price index for the year

1. what is the GDP 2. what is the net domestic product 3. what is the national income 4. if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year

  Calculate the growth rates of output per worker

Given the production function Y=AK^0.3L^0.7 if output grows by five percent, the capital input grows by five percent, and the labor input grows by two percent, calculate the Solow residual. Calculate the growth rates of output per worker and capit..

  What if the usury limit is raised to 7 percent per year

If the government imposes a usury law and says that car loans cannot exceed 3 percent per year, how big will the monthly shortage (or excess demand) for car loans be What if the usury limit is raised to 7 percent per year

  Find variables in open economy aggregate expenditure model

given the following variables in the open economy aggregate expenditure model, autonomus consumption=200, autonomus investment=200, government spending=100, export spending=100, taxes=0, marginal propensity to consume=0.8

  What is the long-run cost and long-run average to produce

What is the long-run cost and long-run average to produce 120 units 180 units 240 units are there economies the output range 120 to 180 are there diseconomies between 180 and 240 Q L K 120 4 20 180 6 ..

  How many units will actually be rented

demand and supply schedules for rental apartment in the city of Gotham are given below Monthly Rent $2500 $2000 $1500 $1000 $500 Apartment Demanded 10,000 12,500 15,000 17,500 20,000 Apartment Supplied 15,000 12,500 10,000 7,500 5,000 Suppose a ne..

  Solve the forecast model

Solve the forecast model

  What is the economic incidence of the tax

Bottled water has the following demand function Qd = 50 - P/2. Assume that the supply curve for bottled water is given by the function P=50. A specific tax of 10 is imposed on sellers of bottled water. The economic incidence of the tax

  Calculate annual rate of depriciation

A cupola for a foundry was purchased for $3000.$500 more was spent on its erection and commisioning.The estimated residual value after 10 yeras was $700. A)calculate annual rate of depriciation. B)Determine the amount of depriciation at the end of ..

  Determine what would the purchase price be

company has issued a 10-year bonds, with a face value of $1,000,000 in $1,000 units. Interest at 8% is paid quarterly. if an investor desires to earn 12% nominal interest (compounded quarterly) on $10,000 worth of these bonds,

  What will happen to price of advertisement

A monopolist has two types of customers. There are 100 of Type A, who will each pay up to $10 for a single unit of the good, and 50 of Type B, who will each pay up to either $8. Neither is willing to purchase additional units at any price. If it m..

  Calculate the tfr and nrr

In Avataria one-forth of all females born die in infancy, and the rest of them live until age 60. Women bear 1 child at age 18, 1 child at age 24, 1 child at age 26, and 1 child at age 30. One-half of children are boys.

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