(Scheduling Competition by Broadcasting Stations) Consider the broadcasting news scheduling model with four broadcasting stations labeled A, B, C and D. There are n viewers whose ideal watching time is 20:00, and n viewers whose ideal watching time is 21:00. Let t; denote the broadcasting time of station i. (i = A, B, C, D) Assume that each station can air its news broadcast at one and only one time period. Also assume that each station earns exactly $1 per viewer (as determined by rating surveys conducted during the broadcasting hours). (a) List all the Nash equilibria in broadcasting time. (You do NOT have to provide a proof). (b) Now assume that there are n viewers whose ideal watching time is 20:00, and 5n viewers whose ideal watching time is 21:00. Find all Nash equilibria and provide a formal proof.

(Scheduling Competition by Broadcasting Stations) Consider the broadcasting news scheduling model with four broadcasting stations labeled A, B, C and D. There are n viewers whose ideal watching time is 20:00, and n viewers whose ideal watching time is 21:00. Let t; denote the broadcasting time of station i. (i = A, B, C, D) Assume that each station can air its news broadcast at one and only one time period. Also assume that each station earns exactly $1 per viewer (as determined by rating surveys conducted during the broadcasting hours). (a) List all the Nash equilibria in broadcasting time. (You do NOT have to provide a proof). (b) Now assume that there are n viewers whose ideal watching time is 20:00, and 5n viewers whose ideal watching time is 21:00. Find all Nash equilibria and provide a formal proof.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The question is intermediate microeconomics
Question-2 The Lahore Metro Bus is crowded for travel during peak hours. During such travel hours two daily passengers 'Ali' and 'Hassan' enter the Metro. Luckily, two adjacent seats are free in the bus. Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing. (Note: for parts (a) & (b) below consider Ali as 'row player' and Hassan as 'column player'). a) Model the situation as a strategic game, assuming both 'Ali' and 'Hassan' care only about their own comfort. Find the Nash equilibrium (equilibria) if it exists. Also, does a dominant strategy exist for either 'Ali' or 'Hassan'? b) Now assume that both 'Ali' and 'Hassan' are altruistic, ranking outcomes according to the other person's comfort and, out of politeness, prefer to stand than to sit if the other person stands. Model the situation as a strategic game and find any Nash equilibrium (equilibria) if it…
Typed plzzzzzz
Table 3. This table shows a game played between two firms, Firm A and Firm B. In this game each firm must decide how much output (Q) to produce: 5 units or 6 units. The profit for each firm is given in the table as (Profit for Firm A. Profit for Firm B). Firm A Q=5 Q=6 Firm B Q=5 (24, 24) (30, 10) Q=6 (10,30) (19, 19) Refer to Table 3. The dominant strategy For Firm A is to produce Select one: O a. 5 units and the dominant strategy for Firm B is to produce 5 units. b. 5 units and the dominant strategy for Firm B is to produce 6 units. c. 6 units and the dominant strategy for Firm B is to produce 5 units. d. 6 units and the dominant strategy for Firm B is to produce 6 units.
A sequential game can be used to analyze whether a retail firm should build a large store or a small store in a city when the correct choice depends on whether a competing firm will build a new store in the same city. Which of the following is used to analyze this type of decision? A. an either minus or graph B. a decision matrix C. a sequential matrix D. a decision tree
The manager of a hockey arena is pricing tickets for an upcoming game. She knows that if she increases the ticket price she will sell fewer tickets. The situation is modelled by the relation, R = -88.9p^2 + 2667p, where R is the total revenue and p is the ticket price, both in dollars. The graph is given.
A cookshop hires two chefs. The workload, equipment and materials are evenly distributed. The result is a significant increase in the marginal number of lunch dishes made daily. Then 2 more chefs are hired. Now the workload per chef is lessened and there are conflicts over the use of materials and equipment. There is still an increase in the marginal number of lunch dishes made daily, but the increase occurs at a slower rate than before. This is an example of:
The time path of resources is described by X(t) = X(0)e*". If you graphed In X(t) on the y-axis, and had time (t) on the x-axis, then what would be the intercept of the line you drew? In X(0) There isn't enough information to tell gx