Question

Nash Equilibrium of Game Theory; Public good

Hi the below is the question I'm struggling with.

2. There are two individuals with one unit of resources each. Let x_ i be the amount that individual i devotes to consumption and 1-x i the amount donated towards a public good, so the amount of public good provided is G=2-x,-x2. The individuals utility for private consumption and public good is Each individual chooses the value of E [0,1 simultaneously. Write their payoffs as a function of their actions only and compute a Nash equilibrium for this game

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Pulle Good, NE 어Ganne O X. thus 2 CD Now botuing tuoo BR Sinultaneousty- 144 fi→ ear) snice petopences a Suasi Lin

Add a comment
Know the answer?
Add Answer to:
Nash Equilibrium of Game Theory; Public good Hi the below is the question I'm struggling with....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Hi, I'm pretty much struggling with Nash Equilibrium of advanced level of Game Theory, yet I...

    Hi, I'm pretty much struggling with Nash Equilibrium of advanced level of Game Theory, yet I need to make progress anyway while catching up the concepts. It would be great if you enlighten me any techniques or tips to solve these questions. Thanks in advanced. 1. Find a Nash equilibrium for the peer-effects game in which u,(s,,s-i) =-(ai-Si)2-λ, . (s,-$2)2 for i = 1,2 Notice that the equilibrium will be a function of the given parameters 2. There are two...

  • 4. In a public good game, there are 4 players. Each player has $10, which s/he...

    4. In a public good game, there are 4 players. Each player has $10, which s/he can keep or donate to a public pool. For any amount donated to the pool, a social planner will triple the amount and distribute it evenly to each player. What is the Nash Equilibrium donation and outcome? What is the socially optimal donation and outcome? 6 points Hint: pn (10-%) + 0.75%(x, + x2 + x3 + x4)

  • 4. Consider the following game that is played T times. First, players move simultaneously and independently....

    4. Consider the following game that is played T times. First, players move simultaneously and independently. Then each player is informed about the actions taken by the other player in the first play and, given this, they play it again, and so on. The payoff for the whole game is the sum of the payoffs a player obtains in the T plays of the game A 3,1 4,0 0,1 В 1,5 2,2 0,1 C 1,1 0,2 1,2 (a) (10%) Suppose...

  • can someone help me set up and guide me through this problem. Question 2 Suppose you...

    can someone help me set up and guide me through this problem. Question 2 Suppose you need to decide whether to make or not a donation to National Public Radio (NPR). To sinplify the analysis, assume that donations are the same fix amount (C =10) for everybody who decides to donate, and that private contributions are the only source of funding for the radio. The variety of programs that NPR is able to supply and therefore the utility of listeners...

  • Background to the question A pandemic has struck, and a government is trying to manage the...

    Background to the question A pandemic has struck, and a government is trying to manage the response.    QUESTION You have been hired as an economist to help consult on the government’s response. In your answer you should use appropriate models (and diagrams) studied in class. 1. Health officials have called for the government to enforce “social distancing” measures in order to slow the spread of the virus. Consider the market for food delivery (e.g., Deliveroo). The business of this...

  • Hi, I'm struggling with this management accounting question. Please help For nearly two years, Per has...

    Hi, I'm struggling with this management accounting question. Please help For nearly two years, Per has had a pizzeria where he has baked and sold luxury pizzas to the customers visiting his restaurant. The restaurant is decorated tastefully in classic Italian style. In the period, he has achieved a good reputation in the local area, and he has a stable customer base that visits the restaurant regularly. Today, a very critical situation for Per's Pizzeria has arisen. For the sake...

  • 1) Decreasing returns to scale may occur as increasing the amount of inputs used A) increases...

    1) Decreasing returns to scale may occur as increasing the amount of inputs used A) increases specialization B) may cause coordination difficulties. C) always increases the amount of output produced D) increases efficiency. 2) Which of the following statements is NOT true? A) AFC = AC - AVC C) AVC = wage/MPL B) AC = AFC + AVC D) C=F-VC 3) The more elastic the demand curve, a monopoly A) will have a larger Lemer Index. will face a lower...

  • Hi there! I need to compare two essay into 1 essay, and make it interesting and...

    Hi there! I need to compare two essay into 1 essay, and make it interesting and choose couple topics which im going to talk about in my essay FIRST ESSAY “Teaching New Worlds/New Words” bell hooks Like desire, language disrupts, refuses to be contained within boundaries. It speaks itself against our will, in words and thoughts that intrude, even violate the most private spaces of mind and body. It was in my first year of college that I read Adrienne...

  • Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...

    Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT