Pictures Flashcards
1
Q
what do firm’s and consumers indifference curves look like for adverse selection and monopoly power if everyone has the same preferences *
A
2
Q
diagram of an equilibrium in adverse selection monopoly case *
A
3
Q
what do firm’s and consumers indifference curves look like for adverse selection and monopoly power when there are two different types with different preferences *
A
4
Q
write out the new maximisation problem with participation constraints and incentive constraints for monopoly asymmetric information *
A
5
Q
how do you show graphically if there is a pooling equilibrium for asymmetric monopoly case
A
6
Q
draw the graph of equilibrium for the monopoly game with asymmetric information *
A
(13 notes)
7
Q
what are the outcomes from the cheap talk game (diagram)
A
