NE vs Optimal solution Flashcards
1
Q
Cournot duopoly: normal form of the game, NE for a player i. Monopoly solution.
A
2
Q
Bertrand duopoly: normal form of the game, NE for a player i. Is the NE an optimal outcome?
A
3
Q
Tragedy of commons - cleaned air consumption problem: normal form of the game, NE for a player i. World’s payoff function.
A
4
Q
The Braess paradox
A