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- In a situation where you have a strong neighbor, as a country, do conventional weapons offer an effective deterrence? Explain through different models available within the game theory. Establish the rules of the game and find the equlibrium through the game theory models.2. Film producer S costs c=20 to produce one film. B, an online movie distributor, earns v=120 if the movie is distributed. In order for B to distribute the movie, it must be purchased from S. If there is no transaction between S and B, each earns a profit of zero. Find the sum of S's profit and B's profit by the transaction price formed when S and B's bargaining power is 50:50.For the game given, find all values for x and y such that it is a Prisoners’ Dilemma. Find all values for x and y such that it is a coordination game.
- Please no plagiarism. I will scan your answer. What is meant by the game theory in economics. I need answer in detail.THE PRISONERS' DILEMMA Consider the following simple model of a cocktail party. Alice and Bob are carrying on separate conversations at the party. Alice speaks at volume a and Bob speaks at volume b. The communication benefit to Alice is al(a + b) and the benefit to Bob is b/(a + b). The vocal-strain cost to Alice is ca and the cost to Bob is cb, where c is a parameter. Suppose that the players have two choices: speaking softly at volume 1, or speaking loudly at volume 4. This leads to the following game in strategic form, with Alice choosing the row and Bob choosing the column. a = 1 a = 4 b = 1 0.5-c, 0.5-c 0.8-4c, 0.2-c 0.0400 0.0500 0.0750 0.0800 0.1500 b = 4 0.2 c, 0.8-4c - 0.54c, 0.5-4c For which of the following values of c is this game a prisoners' dilemma? (Mark all values for which this is true.)What strategies do you expect to see from your counterparty in a negotiation? How will you prepare to meet those strategies
- Describe the four fundamental principles of integrative negotiation.Consider the following simplified scenario. Imagine that the Australian national rugby union (for short, Rugby AU) has exclusive rights to organize the games played by the national team. Rugby AU decides that the next match, between the Wallabies and the All Blacks (i.e., the Australian and the New Zeeland national rugby teams), will be hosted at the Marvel Stadium in Melbourne. Rugby AU has no fixed costs for organizing the game, but it must pay a marginal cost MC of $20 per seat to the owners of the Marvel Stadium. Two types of tickets will be sold for the game: concession and full fare. Based on any official document that attests to their age, children and pensioners qualify to purchase concession tickets that offer a discounted price; everyone else pays the full fare. The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets is QC(P) = 80 – 2P. 1. The market for full fare tickets (F)a) Calculate the inverse demand, write the profit maximizing…Suppose two utilities, People's Electric and Municipal Energy, each produce 300 tons of pollution per year. The government has a goal of eliminating half the pollution, and, in turn, provides 150 pollution permits to each utility. A pollution permit is required to legally produce a ton of pollution. However, the two utilities are allowed to trade permits. Suppose the cost of eliminating one ton of pollution for People's Electric is $100 and the cost of eliminating a ton of pollution for Municipal Energy is $50. The total cost of each utility eliminating 150 tons of pollution is $22,500 (Enter your response as a whole number.) If the two utilities buy and sell permits with each other, then the minimum cost of eliminating 300 tons of pollution is $. (Enter your response as a whole number.)
- Consider a simple example of a payoff matrix in the context of a trade dispute between two countries, Country A and Country B. In this scenario, both countries can either choose to impose tariffs (T) or not impose tariffs (N) on each other's exports. The payoffs that each country experiences are based on the chosen strategies and are presented below. (a) Does Country A and B have a dominant strategy? If so, specify its dominant strategy and explain your answer clearly.(b) What is the Nash equilibrium. Explain your answer clearly.(c) Suppose now the trade dispute is played sequentially, with Country B moving first. Represent the trade dispute in and extensive form.(d) Is this trade dispute a prisoner's dilemma game? Explain your answer.The following game is given: a) Categorize the above game and determine which social problem it describes. b) How will the game be played if both players use Savage's criterion? c) Is it better for the players to play the game simultaneously or sequentially?please if you can teach explain
