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Unformatted text preview: are given by the following payoff matrix. Firm B H L  H 30, 30 50, 35 Firm A L 40, 60 20, 20  a. If both firms make their decisions at the same time, and follow maximin strategies, what will the outcome be? b. Suppose that firm A can commit first? Now what will the outcome be? What if firm B can commit first? You should assume that the parties pursue maximin strategies....
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This note was uploaded on 04/16/2008 for the course LEGALST 145 taught by Professor Rubenfield during the Spring '08 term at Berkeley.
 Spring '08
 Rubenfield

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