This preview shows page 1. Sign up to view the full content.
Unformatted text preview: just initial setup. See lecture slide: class 21, monopolistic competition, p. 10, for formulas. Subgame Perfect Equilibria: solve a new extensive form, nite game PS19 Q2 (NPV formulas) mention as a good source for calculating net present value. PS22 Q1 parts (a) & (c): (Adverse Selection) PS22 Q3 parts (a) & (c) with contract #1 (shows Moral Hazard )....
View
Full
Document
 Winter '08
 Burbidge,John
 Microeconomics

Click to edit the document details