1. JVT and MVC are major television networks competing for viewer ratings in the prime timeslot between 7:00 - 8:00 P.M. and 8:00 - 9:00 P.M. slots on a given weeknight. Each has twoshows to fill this time period and is juggling its lineup. Each can choose to put its “bigger"show first or to place it second in the 8:00 - 9:00 P.M. slot. The combination of decisions leadsto the following “ratings points" results:MVCFirst slotSecond slotFirst slot20, 2018, 18JVTSecond slot15, 1530, 10 d. Suppose the network managers meet to coordinate schedules and JVT promises to scheduleits big show first. Is this promise credible? What would be the likely outcome?

A Nash equilibrium is such a set of strategies from which the players would not deviate, because if…

Answered: d. Suppose the network managers meet to…

d. Suppose the network managers meet to coordinate schedules and JVT promises to schedule its big show first. Is this promise credible? What would be the likely outcome?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. JVT and MVC are major television networks competing for viewer ratings in the prime time
slot between 7:00 - 8:00 P.M. and 8:00 - 9:00 P.M. slots on a given weeknight. Each has two
shows to fill this time period and is juggling its lineup. Each can choose to put its “bigger"
show first or to place it second in the 8:00 - 9:00 P.M. slot. The combination of decisions leads
to the following “ratings points" results:
MVC
First slot
Second slot
First slot
20, 20
18, 18
JVT
Second slot
15, 15
30, 10

d. Suppose the network managers meet to coordinate schedules and JVT promises to schedule
its big show first. Is this promise credible? What would be the likely outcome?

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