Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider ·the following game form representation of worker selection from a menu of contracts. The number of firms is finite. (fwo will be enough.) Firms simultaneously and independently name contracts (pairs (w, e)); with each firm limited to a finite number of contracts. (If you wish, assume each firm can name no more than four contracts.) The con tracts tentatively offered are announced, and then firms simultaneously and independently decide whether they wish to withdraw some of the contracts they offered initially. The new set of tentatively offered contracts is announced, and- if any contracts were removed, firms are again given the opportunity to remove contracts. And so on, until either no contracts are left or, in a given round, no contracts are removed. (Since there are finitely many firms and finitely many contracts, this process must termi nate.) Workers then self-select from among the contracts (if any) that are left. Otherwise, things are just as in the models of this chapter.
What can you say about the subgame perfect equilibria of this game? Can you give a precise characterization? If not, can you give partial charac terizations? Can you describe at least one equilibrium? (There are many proper subgames here, and you may find things easier if you look for Nash equilibria where workers play sequentially rational strategies. That is, don't worry about subgame perfection for the firms.)
price quantity demanded quantity supplied300 500 1800270 600 1.700240 700 1600210 800 1500180 1000 1400150 1100 1300120
Discuss the method of estimating earnings called Synthetic Life-time Earning
Write a short history about the company, major products, and location - determine the factors that will influence demand for their products.
The Microeconomic Paper tests your ability to apply economic principles to a business decision.
Monthly Gross Income: $3,000 Money you have in savings for a down payment: $9,500 You have monthly payments for all existing debts of $400 How much do you qualify to borrow (assume 28% debt to income ratio and 10% down payment)
For each of the following, explain whether it is an example of an automatic stabilizer: a. unemployment benefits increase during a recession
The government passes a law that allows a substantial subsidy for every acre of land used to grow tobacco. How does this program affect the long-run supply curve for tobacco?
Pam has made her best affordable choice of cookies and granola bars. She spends all of her weekly income on 30 cookies at $1 each and 5 granola bars at $2 each. Next week, she expects the price of a cookie to fall to 50 cents and the price of ..
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
between 1720 and 1750 the colony of massachusetts had an average rate of inflation of 5 per year. over the same period
After Henry ford invented the assembly line for producing automobiles, other automobile companies copied his invention. The new technology rise the economies of scale in automobile producing.
An increase in the minimum wage could increase employment but decrease income. reduce employment and decrease income. increase employment and increase income. reduce employment but increase income.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd