トップPDF PracticeM2 最近の更新履歴 yyasuda's website
PracticeM2 最近の更新履歴 yyasuda's website
... Using this minimax theorem, answer the following questions. (b) Show that Nash equilibria are interchangeable; if and are two Nash equilibria, then and are also Nash equilibria. (c) Show that each player’s payo¤ ...
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Final2 10 最近の更新履歴 yyasuda's website
... (b) Revenue equivalence theorem claims that the equilibrium bidding strategy under the …rst-price auction is ALWAYS identical to the one under the second- price auction. (c) EVERY perfect Bayesian equilibrium is a weak ...
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Midterm2 10 最近の更新履歴 yyasuda's website
... (d) What is the Nash equilibrium of this game? 4. Mixed Strategy (15 points) Three …rms (1, 2 and 3) put three items on the market and can advertise these products either on morning (= M ) or evening TV (= E). A ...
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Final2 11 最近の更新履歴 yyasuda's website
... 5. Bayesian Game (20 points) There are 10 envelopes and each of them contains a number 1 through 10. That is, one envelope contains 1, another envelope contains 2, and so on; these numbers cannot be observable ...
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Final2 12 最近の更新履歴 yyasuda's website
... 3. Auction (9 points) Consider a “common-value auction” with two players, where the value of the object being auctioned is identical for both players. Call this value V and suppose that V = v 1 + v 2 , where v i ...
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Lec2 最近の更新履歴 yyasuda's website
... Prisoners’ Dilemma: Analysis ( Silent , Silent ) looks mutually beneficial outcomes, though Playing Confess is optimal regardless of other player’s choice! Acting optimally ( Confess , Confess ) rends up ...
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Final2 13 最近の更新履歴 yyasuda's website
... (c) Confirm that by choosing the tax t appropriately, the socially optimal level of pollution is produced. (d) Add a second firm with a different production function. Now the consumers observe a pollution level b = b 1 ...
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Final2 14 最近の更新履歴 yyasuda's website
... 4. Auctions (30 points) Suppose that the government auctions one block of radio spectrum to two risk neu- tral mobile phone companies, i = 1, 2. The companies submit bids simultaneously, and the company with ...
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Midterm2 14 最近の更新履歴 yyasuda's website
... Three firms (1, 2 and 3) put three items on the market and can advertise these products either on morning (= M ) or evening TV (= E). A firm advertises exactly once per day. If more than one firm advertises at the ...
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Lec2 15 最近の更新履歴 yyasuda's website
... Axiomatic Approach (2) PAR (Pareto Efficiency) Suppose hU, di is a bargaining problem with v, v ′ ∈ U and v ′ i > v i for i = 1, 2. Then f (U, d) 6= v. The axioms SYM and PAR restrict the behavior of ...
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Lec2 12 最近の更新履歴 yyasuda's website
... 1 It may stay out (O), 2 prepare itself for combat and enter (“Ready” = R), 3 or enter without making preparations (“Unready” = U ). Preparation is costly but reduces the loss from a fight. The incumbent may ...
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Lec2 10 最近の更新履歴 yyasuda's website
... A belief about other players’ types is a conditional probability distribution of other players’ types given the player’s knowledge of her own type p i (t −i |t i ). When nature reveals t i to player i, she can ...
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Lec2 11 最近の更新履歴 yyasuda's website
... First-Price: General Model (1) Consider a first-price auction with n bidders in which all the conditions in the previous theorem are satisfied. Assume that bidders play a symmetric equilibrium, β(x). Given some bidding ...
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Lec2 13 最近の更新履歴 yyasuda's website
... Proof Sketch (2): Existence of Pivotal Voter Lemma 3 (Existence of Pivotal Voter) There is a voter n ∗ = n(b) who is extremely pivotal in the sense that by changing his vote at some profile he can move b from the ...
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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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Final2 08 最近の更新履歴 yyasuda's website
... b + (1 )b 0 where b is the winner’s bid, b 0 is the loser’s bid, and is some constant satisfying 0 1. (In case of ties, each company wins with equal probability.) Assume the valuation of the spectrum block ...
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PS2 最近の更新履歴 yyasuda's website
... Problem Set 2: Due on May 14 Advanced Microeconomics I (Spring, 1st, 2013) 1. Question 1 (6 points) (a) Suppose the utility function is continuous and strictly increasing. Then, show that the associated indirect ...
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Lec2 最近の更新履歴 yyasuda's website
... すべてのプレーヤーに支配戦略が無いゲームでも解け る場合がある 「支配される戦略の逐次消去」（後述） （お互いの行動に関する）「正しい予想の共有＋合理性」 によってナッシュ均衡は実現する！ ...
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Micro2 最近の更新履歴 yyasuda's website
... How to Measure Welfare Change | 厚生の変化をどうはかるか？ When the economic environment or market outcome changes, a consumer may be made better off ( 改善 ) or worse off ( 悪化 ). Economists often want to measure how consumers ...
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PQ2 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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