Ec 992 Spring 2024 Advanced Microeconomics Problem set 2Processing

Java Python Problem set 2

Advanced Microeconomics,

Ec 992, Spring 2024

Games in extensive form

1. Exercise 7.C.1 of MWG textbook.

2. Exercise 7.D.1 of MWG textbook.

3. Exercise 7.E.1 of MWG textbook.

4. Exercise 8.D.1 of MWG textbook.

5. Exercise 8.D.3 of MWG textbook.

6. Exercise 8.D.5 of MWG textbook.

7. Exercise 8.D.6 Ec 992 Spring 2024 Advanced Microeconomics Problem set 2Processing of MWG textbook.

8. Exercise 12.C.4(a) of MWG textbook. Consider the following cases.

Case 1 The monopoly price of firm 1 is lower than c2.

Case 2 The monopoly price of firm 1 is higher than c2 and whenever prices are equal all demand is allocated to firm 1.

Case 3 The monopoly price of firm 1 is higher than c2 and whenever prices are equal some demand is allocated to firm 2.

9. Exercise 12.C.9 of MWG textbook.

10. Exercise 12.C.16 of MWG textbook