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Question 1:
(Part A) What are the ingredients of a simultaneous-move game? Show (using simple examples) how one might propose a "solution" for such games. Comment on the strengths and weaknesses of your solution concept(s).
(Part B) Document a situation in which game-theoretic analysis explains the out- come, and also a situation in which the outcome deviated from the predic- tion(s). For the second case, why did the prediction fail?
Question 2:
(Part A) For an auctioneer , does it really matter whether an object is sold via a Dutch auction , a sealed auction , a Vickrey auction , or an open auction? Why or why not ? How might your choice of auction format influenced by : (i) the risk aversion of the bidders , (ii) any uncertainty the buyers may have over their valuation , (iii) significant asymmetries in bidder strength ; or (iv) any other factors that you think might be important?
(Part B) Document uses of at least two major auctions formats , and evaluate whether the factors that you mentioned under (i) to (iv) seem to have influenced the choice of auction format.
As mentioned in the attached file I need six pages , three for each question in a way to cover both part A&B for both questions
Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.
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Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.
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Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.
Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.
Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:
Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.
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