2, 2 6,1 1,1 Player 1 B 1,6 5,5 1,1 C 1,1 1,1 4,4 Consider the simultaneous move game represented in normal form by thi: payoff matrix. Suppose that the game is repeated for two periods and the players know that the game will end at the end of two periods. They observe the first period outcome before they move to the second period. Assume that ther is no discounting, i.e. 2nd period payoffs are not discounted. Which of the following outcomes could occur in some subgame perfect equilibrium (SPE) of this repeated game? Choose True if you think the outcome can be a SPE, otherwise choose False. i. (B, B) is played in the first period, (C, C) is played in the second period. ii. (A, A) is played in both periods. iii. (C, C) is played in both periods.

in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!!!!

Assume that two collectors, X and Y are in a first prize sealed bid auction for a batch of vintage comic books. X and Y have different valuations (V) for this batch of comic books e.g. VX And VB are between $2000 and $4000. Both collectors know their own V but does not know the V of the other collector. All they know is that the other collector’s V is a uniformly distributed number between $2000 and $4000. Assume risk neutrality for X and Y e.g. expected payoff for X is: (VX – bX)Pr(bX) and expected payoff for Y is (VY – bY)Pr(bY). These collectors will make their bids strategically. Show how X’s bidding strategy is bX = ½ Vx + 1 and Y’s is bY = ½ Vy +1 in a Nash equilibrium.

P1| P2 Left Middle Right Left 4,2 3,3 1,2 Middle 3,3 5,5 2,6 Right 2,1 6,2 3,3 Consider the simultaneous move game represented by this payoff matrix. Suppose that the game is repeated for two periods and the players know that the game will end at the end of two periods. They observe the first period outcome before they move to the second period. Assume that there is no discounting, i.e. 2nd period payoffs are not discounted, or the discount factor is equal to 1. Which of the following outcomes could occur in some subgame perfect equilibrium (SPE) of this repeated game? Choose True if you think the outcome can be a SPE, otherwise choose False. a) (Left, Left) is played in both periods. b) (Right, Right) is played in both periods. c) (Middle, Middle) is played in both periods. d) (Middle, Middle) is played in the first period, followed by (Left, Left). e) (Middle, Middle) is played in the first period, followed by (Right, Right).