hw517.pdf - Economics 116A Winter 2017 Homework 5 Write...

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1 Economics 116A Winter 2017 Homework # 5 Write your answers to the following questions on separate sheets of paper. Include your full name. Your answers are due in lecture on February 28, 2017 . Late homeworks are not accepted. For full credit, please show all of your work. 1. Consider the following three player apartment garden game. Emily, Talia and Yun have to choose whether to contribute or not contribute toward a small flower garden in the courtyard of their apartment building. Suppose that if two or all three contribute, there are sufficient resources for the initial planting and maintenance of the garden. If one or none contribute, then the garden will be full of unpleasant dead flowers. From each player’s perspective there are four outcomes: 1) She does not contribute but the other two do resulting in a pleasant garden and saving her the cost of contributing; 2) She contributes and one or both of the others do as well resulting in a pleasant garden but incurring the cost of her own contribution. 3) She does not contribute, and only one or neither of the others contributes resulting in an unpleasant garden of dead flowers; 4) She contributes but neither of the others contributes resulting in an unpleasant garden of dead flowers and incurring the cost of her own contribution.
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