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In signalling games, it seems that the Cho Kreps refinement (intuitive criterion) is the go to refinement for eliminating bad sequential equilibrium. Divine equilibrium and perfect sequential equilibrium are also interesting refinements though. It seems more common that these are compared to Cho Kreps. Are there any interesting examples comparing the differences between perfect sequential and divine equilibrium? I've never seen the two concepts discussed together.
Capital mobility is fairly low, so the Fe curve is less shallowly sloped than the LM curve. The currency floats. What will happen if the country pursues than the LM curve. The currency floats. What will happen if the country pursues an expansionary f..
Some Keynesian economists criticize official unemployment statistics for understating extent of joblessness in United States. Which of following statements represent short comings of official unemployment rate reported by Bureau of Labour Statisti..
The client would like to know what output level should it select that will keep the competitor from changing its output.
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
Traffic manager of Monarch Electric Company has just received a rate reduction offer from a trucking company for shipment of fractional horse power motors to company's field warehouse. Should company implement new rate.
Illustrate what is the effect on equilibrium price and quantity in the market for oranges if a new orange picking machine is developed.
Elucidate with an aid of a diagram , the effect on prices and output if households decide to spend a large share of their income.
A bloom berg business week subscriber study asked In the past 12 months when traveling for business what type of airline ticket did you purchase most often? a second question asked if the type of airline ticket purchased most often was for domestic o..
Graph a Monopoly. Compare the price, quantity, and ATC of a monopoly with a perfectly competitive firm. Who is more efficient and why?
Given the short-run (SR) cost curve in the chart above for a firm in a perfectly competitive market, find the firm’s best output level and total profits when the market price is: a) $18, b) $13 c) $5 d) $3.
Expansionary monetary policy by the foreign country will lead to a ______________ of the home currency, while expansionary monetary policy in the home country will lead to a ____________ of the home currency.
q.remington inc. purchases a machine that costs 700000 and has an approximate d useful life of 10 years a macrs
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