Nash equilibrium

timer Asked: Dec 11th, 2018

Question description

Table A

(firm 1) S1a S1b

(firm2)S2a 2,2 3,0

S2b 0,3 1,1

Table B

(firm 1) S1a S1b

(firm2)S2a 10,10 16,4

S2b 18,2 4,16

1, if there is a Nash(non-cooperative) equilibrium following a single strategy, identify it and demonstrate that it is a Nash equilibrium

2, if there is no single strategy that satisfies the Nash equilibrium conditions, demonstrate that and calculate and explain the strategy mix

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