トップPDF Lec1 8 最近の更新履歴 yyasuda's website
Lec1 8 最近の更新履歴 yyasuda's website
... Preferences To construct a model of individual choice, the notion of preferences plays a central role in economic theory, which specifies the form of consistency or inconsistency in the person’s choices. We view ...
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PQ1 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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Final 最近の更新履歴 yyasuda's website
... (1) Write the payoff functions π 1 and π 2 (as a function of p 1 and p 2 ). (2) Derive the best response function for each player. (3) Find the pure-strategy Nash equilibrium of this game. (4) Derive ...
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en 最近の更新履歴 yyasuda's website
... Introduction to Market Design and its Applications to School Choice.. Yosuke YASUDA.[r] ...
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Midterm 最近の更新履歴 yyasuda's website
... (a) Derive all pure strategy Nash equilibria. (b) Show that the following type of Nash equilibria does NOT exist: One firm chooses pure strategy M , and other two firms use mixed strategies. (c) Derive a symmetric mixed ...
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PS1 最近の更新履歴 yyasuda's website
... (a) Show that the above data satisfy the Weak Axiom of revealed preference. (b) Show that this consumer’s behavior cannot be fully rationalized. Hint: Assume there is some preference relation % that fully ...
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PS1 最近の更新履歴 yyasuda's website
... u(x 1 , x 2 ) and v(x 1 , x 2 ) are both homogeneous of degree r, then s (x 1 , x 2 ) := u(x 1 , x 2 ) + v(x 1 , x 2 ) is also homogeneous of degree ...u(x 1 , x 2 ) and ...
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Lec1 最近の更新履歴 yyasuda's website
... 【戦略】 個々のプレイヤーがとることのできる行動 【利得】 起こり得る行動の組み合わせに応じた満足度、効用 Q: ゲームの解（予測）はどうやって与えられる？ A: 実はノイマン達は一般的な解を生み出せなかった… ...
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Micro1 最近の更新履歴 yyasuda's website
... More on Roy’s Identity | もっとロアの恒等式 Roy’s identity says that the consumer’s Marshallian demand for good i is simply the ratio of the partial derivatives of indirect utility with respect to p i ...
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PracticeF 最近の更新履歴 yyasuda's website
... A function f (x) is homothetic if f (x) = g(h(x)) where g is a strictly increasing function and h is a function which is homogeneous of degree 1. Suppose preferences can be represented by a homothetic utility ...
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Final1 11 最近の更新履歴 yyasuda's website
... (d) If the relative risk aversion of some risk averse decision maker is independent of her wealth, then her absolute risk aversion MUST be decreasing in wealth.. (e) The competitive equi[r] ...
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Final1 14 最近の更新履歴 yyasuda's website
... Consider the following exchange economies with two agents and two goods. Derive competitive equilibrium prices (price ratio) and allocations in each case. (a) Two agents, a and b, have the following indirect utility ...
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Final1 12 最近の更新履歴 yyasuda's website
... Suppose that the decision maker’s preferences under uncertainty are described by the vNM utility function, u(x) = √ x. (a) Is the decision maker risk-averse, risk-neutral, or risk-loving? Explain why. (b) ...
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Final1 13 最近の更新履歴 yyasuda's website
... endowment of time is 2ω 1 units. There is no (initial) endowment of consumption good. Each individual has a common utility function U (x) = ln x 1 + 2a ln x 2 . Sup- pose that only Ann owns the firm and its ...
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Midterm1 14 最近の更新履歴 yyasuda's website
... u(x, y) = xy (a) Set up the utility maximization problem. (b) Solve this utility maximization problem. (c) The health authorities are putting up a program to cut down alcohol consump- tion. They propose a quota that ...
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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 ...
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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 ...
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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 ...
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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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PS1 最近の更新履歴 yyasuda's website
... (a) The intersection of any pair of open sets is an open set. (b) The union of any (possibly infinite) collection of open sets is open. (c) The intersection of any (possibly infinite) collection of closed sets is closed. ...
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