Econ 414, Exam 1
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will com
Econ 400, Midterm Exam
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I wi
Bargaining
Econ 400
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Econ 400
(ND)
Bargaining
1 / 16
The Coase Theorem
A popular idea in economics is called, the Coase theorem, and it goes
like this:
Suppose all the parties
Econ 414 Midterm Exam
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I wil
Econ 414, Exam 1
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will come to y
Continuous Games
Econ 400
University of Notre Dame
Econ 400
(ND)
Continuous Games
1 / 36
Best-Response Functions
Another way of thinking about Nash equilibrium is by thinking about
player i s best-res
Econ 414, Exam 1
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will com
Econ 400, Midterm Exam
Grading works like this: There are 3 questions and each have 4 parts. Each part is worth 4
points, so the total number of points on the exam is 48. Points are awarded in general
Econ 414, Exam 1
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will com
Game Theory
Econ 400
University of Notre Dame
Econ 400
(ND)
Game Theory
1 / 32
Firm behavior
Suppose you are a rm that receives a price p per unit of a good it sells,
c
and it costs C (q) = q 2 to pro
Dynamic Games
Econ 400
University of Notre Dame
Econ 400
(ND)
Dynamic Games
1 / 18
Dynamic Games
A dynamic game of complete information is:
A set of players, i = 1, 2, ., N
A payo function for each pl
Econ 400, Final Exam
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will
Problem Set 1
1. Games in Strategic Form: Do questions 1-4 and one of 5a, 5b, or 5c
Underline all best responses, then perform iterated deletion of strictly dominated strategies. In each case, do you
Econ 400, Final Exam
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will
Mixed Strategy Nash Equilibrium
Econ 400
University of Notre Dame
Econ 400
(ND)
Mixed Strategy Nash Equilibrium
1 / 27
Games Without Pure Strategy Nash Equilibria
Its pretty easy to write down games w
Problem Set 5
1. There are two players facing each other in the following random prisoners dilemma:
S
C
S
2,2
xr , 1
C
-1, xc
0,0
With probability p, xc = y, and with probability 1 p, xc = 0. With pro
Strategy Dominance and Pure-Strategy Nash Equilibrium
Econ 400
University of Notre Dame
Econ 400
(ND)
Strategy Dominance and Pure-Strategy Nash Equilibrium
1 / 30
Games
Recall that a simultaneous-move
Problem Set 3
(1.) Backwards Induction and Subgame Perfection: Find all subgameperfect equilibria of the following games. Explicitly write down the behavior
strategies that support a subgame-perfect e
Problem Set 4
1. Imagine an alternating-oer bargain game, but instead of discounting future payos by and
keeping the size of the pie xed at 1, assume that in each period the value of the pie is reduce
Econ 400, Final Exam
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will
Problem Set 6
1. There are two types of customers: high value types who occur with probability p and low
types who occur with probability 1 p. A rm sells two kinds of goods: high quality, and low
qual
Econ 400, Final Exam
Name:
There are three questions taken from the material covered so far in the course. All questions are
equally weighted. If you have a question, please raise your hand and I will