11. What are the subgame perfect equilibria of the following game?OutInTB7,21L RL/R9,3 1,1 1,1 3,9(a) (InT, L), (OutB, R) and (OutT+OutB, L + R).(b) (InT, L) and (OutB, R).(c) Out and (InT, L).(d) (InT, L), (OutB, R) and (OutT+OutB, L + R).(e) (InT, L).2

We have two subgames for given game. Where subgame 1 is entire game and subgame two is start when…

11. What are the subgame perfect equilibria of the following game? Оut In 7,21 T. В 2 L R 9,3 1,1 1,1 3,9 (a) (InT, L), (OutB, R) and (OutT + OutB, L+ R). (b) (InT, L) and (OutB, R). (c) Out and (InT, L). (d) (InT, L), (OutB, R) and (OutT +OutB, L +R). (е) (InT, L).

11. What are the subgame perfect equilibria of the following game? Оut In 7,21 T. В 2 L R 9,3 1,1 1,1 3,9 (a) (InT, L), (OutB, R) and (OutT + OutB, L+ R). (b) (InT, L) and (OutB, R). (c) Out and (InT, L). (d) (InT, L), (OutB, R) and (OutT +OutB, L +R). (е) (InT, L).

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

11. What are the subgame perfect equilibria of the following game?
Out
In
T
B
7,21
L R
L/R
9,3 1,1 1,1 3,9
(a) (InT, L), (OutB, R) and (OutT+OutB, L + R).
(b) (InT, L) and (OutB, R).
(c) Out and (InT, L).
(d) (InT, L), (OutB, R) and (OutT+OutB, L + R).
(e) (InT, L).
2

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