トップPDF Lec1 最近の更新履歴 yyasuda's website

Lec1 最近の更新履歴  yyasuda's website

Lec1 最近の更新履歴 yyasuda's website

Prisoners’ Dilemma: Analysis (3)    (Silent, Silent) looks mutually beneficial outcomes, though    Playing Confess is optimal regardless of other player’s choice!   Acting optimally ( Confess , Confess ) rends up realizing!!

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Lec1 最近の更新履歴  yyasuda's website

Lec1 最近の更新履歴 yyasuda's website

“Soon after Nash ’s work, game-theoretic models began to be used in economic theory and political science,. and psychologists began studying how human subjects behave in experimental [r]

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Lec1 最近の更新履歴  yyasuda's website

Lec1 最近の更新履歴 yyasuda's website

◮ A lottery p is a function that assigns a nonnegative number to each prize s, where P s∈S p(s) = 1 (here p(s) is the objective probability of obtaining the prize s given the lottery p). ◮ Let α ◦ x ⊕ (1 − α) ◦ y denote the lottery in which the prize x

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Lec1 最近の更新履歴  yyasuda's website

Lec1 最近の更新履歴 yyasuda's website

 ここで Apple ’s行動は Apple が Google 行動をどう予想 するかによって決まる  Google 最適な戦略は Google が「 Apple が Google 行動をどう予想するか」をどう予想するかによって 決まる

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Final1 13 最近の更新履歴  yyasuda's website

Final1 13 最近の更新履歴 yyasuda's website

A consumer has a utility function u(x, y, z) = min{x, y}+z. The prices of the three goods are given by (p x , p y , p z ) and the consumer’s wealth is given by ω. (a) Note that the utility function u can be written in the form of U (V (x, y), z). Derive the functions V (x, y) and U (V, z).

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最近の更新履歴  yyasuda's website

最近の更新履歴 yyasuda's website

 政府(官僚組織、政治家)はどのように行動するか?  政治経済学 政治経済学 政治経済学 政治経済学  私企業中でなにが起こっているか?  組織経済学、企業統治(コーポレート・ガバナンス) 組織経済学、企業統治(コーポレート・ガバナンス) 組織経済学、企業統治(コーポレート・ガバナンス) 組織経済学、企業統治(コーポレート・ガバナンス)

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Midterm1 14 最近の更新履歴  yyasuda's website

Midterm1 14 最近の更新履歴 yyasuda's website

(a) Suppose % is represented by utility function u(·). Then, u(·) is quasi-concave IF AND ONLY IF % is convex. (b) Marshallian demand function is ALWAYS weakly decreasing in its own price. (c) Lagrange’s method ALWAYS derives optimal solutions for any optimization

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Final1 14 最近の更新履歴  yyasuda's website

Final1 14 最近の更新履歴 yyasuda's website

is increasing in x 1 , the marginal product of x 2 must be negative. (c) Let (x, p) be a competitive equilibrium. Suppose u i (y i ) > u i (x i ) for some bundle y i . Then show that p · y i > p · x i . Does this depend on whether utility

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Lec2 1 最近の更新履歴  yyasuda's website

Lec2 1 最近の更新履歴 yyasuda's website

vNM Utility Function (1) Note the function U is a utility function representing the preferences on L(S) while v is a utility function defined over S, which is the building block for the construction of U (p). We refer to v as a vNM (Von Neumann-Morgenstern) utility function.

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PS2 1 最近の更新履歴  yyasuda's website

PS2 1 最近の更新履歴 yyasuda's website

Explain. (b) Show that any risk averse decision maker whose preference satisfies indepen- dence axiom must prefer L 2 to L 3 . 3. Question 3 (4 points) Suppose a monopolist with constant marginal costs prac- tices third-degree price discrimination. Group A’s elasticity of demand is ǫ A and

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PracticeM 最近の更新履歴  yyasuda's website

PracticeM 最近の更新履歴 yyasuda's website

Consider a consumer problem. Suppose that a choice function x(p; !) satis…es Walras’s law and WA. Then, show that x(p; !) is homogeneous of degree zero. 6. Lagrange’s Method You have two …nal exams upcoming, Mathematics (M) and Japanese (J), and have to decide how to allocate your time to study each subject. After eating, sleeping, exercising, and maintaining some human contact, you will have T hours each day in which to study for your exams. You have …gured out that your grade point average (G) from your two courses takes the form

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Final1 12 最近の更新履歴  yyasuda's website

Final1 12 最近の更新履歴 yyasuda's website

i (p, u) denote the Hicksian demand function of good i and e(p, u) denote the expenditure function. Then, state the Shephard’s lemma. (c) Using envelope theorem, derive either (a) Roy’s identity, or (b) Shephard’s lemma. You can assume that the first order conditions guarantee the optimal solution, i.e., ignore the second order conditions.

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Final1 10 最近の更新履歴  yyasuda's website

Final1 10 最近の更新履歴 yyasuda's website

where ; > 0. Let w 1 ; w 2 > 0 be the prices for inputs x 1 and x 2 respectively. Then, answer the following questions. (a) Sketch the isoquant for this technology. Hint: Isoquant is the combination of inputs that achieves a certain given level of output. (corresponds to “indi¤erence curve” in consumer theory.)

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Lec1 14 最近の更新履歴  yyasuda's website

Lec1 14 最近の更新履歴 yyasuda's website

Suppose that consumer i has preferences over the contingent consumption plans that satisfy expected utility hypothesis: U i (x i 1 , x i 2 ) = π 1 u i (x i 1 ) + π 2 u i (x i 2 ) where π 1 (π 2 ) is the objective probability of nice (bad) weather.

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Lec1 11 最近の更新履歴  yyasuda's website

Lec1 11 最近の更新履歴 yyasuda's website

Pareto Efficiency (1) A situation is called Pareto efficient if there is no way to make someone better off without making someone else worse off. That is, there is no way to make all agents better off. To put it differently, each agent is as well off as possible, given the utilities of the other agents.

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Lec1 12 最近の更新履歴  yyasuda's website

Lec1 12 最近の更新履歴 yyasuda's website

Second Welfare Theorem (1) Theorem 12 Consider an exchange economy with P i∈I e i ≫ 0, and assume that utility function u i is continuous, strongly increasing, and strictly quasiconcave for all i ∈ I. Then, any Pareto efficient allocation x is a competitive equilibrium allocation when endowments are redistributed to be equal to x.

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Lec1 13 最近の更新履歴  yyasuda's website

Lec1 13 最近の更新履歴 yyasuda's website

Second Welfare Theorem Theorem 9 Suppose the conditions stated in the existence theorem are satisfied. Let (x ∗ , y ∗ ) be a feasible Pareto efficient allocation. Then, there are income transfers, T 1 , ..., T I , satisfying P i∈I T i = 0, and a price vector p such that for all j ∈ J and for all i ∈ I.

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EX2 1 最近の更新履歴  yyasuda's website

EX2 1 最近の更新履歴 yyasuda's website

Solve the following problems in Snyder and Nicholson (11th):. 1.[r]

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Final1 08 最近の更新履歴  yyasuda's website

Final1 08 最近の更新履歴 yyasuda's website

(! x ; ! y ) = (1; 1) (a) Assume there are only two individuals in this economy. Then, draw the Edgworth-box and show the contract curve. Find a general equilibrium (equilibrium price and allocation) if it exists. If there is no equilibrium, explain the reason.

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Final1 09 最近の更新履歴  yyasuda's website

Final1 09 最近の更新履歴 yyasuda's website

(d) Solve the pro…t maximization problem in (c), and derive the pro…t function, (p; w 1 ; w 2 ). 4. Uncertainty (10 points) Suppose that an individual can either exert e¤ort or not. The cost of e¤ort is c. Her initial wealth is 100. Her probability of facing a loss 75 (that is, her wealth becomes 25) is 1

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