In the SPE outcome, what is the maximum amount of gold coins that Pirate 2 can get? Fill in the closest integer without comma or unit.
In the SPE outcome, what is the maximum amount of gold coins that Pirate 3 can get? Fill in the closest integer without comma or unit.
In the SPE outcome, what is the maximum amount of gold coins that Pirate 1 can get? Fill in the closest integer without comma or unit.
In the SPE outcome, what is the maximum amount of gold coins that Captain Hook can get? Fill in the closest integer without comma or unit.
What is each firm's equilibrium output and prot if they behave noncooperatively and move simultaneously? The equilibrium output and profit are
Now suppose Firm 1 is the Stackelberg leader (i.e., makes its output decisions before Firm 2). What is each firm's equilibrium output and profit? The equilibrium output and profit are
What is/are the Nash Equilibrium/Equilibria if choices are made simultaneously? The Nash Equilibrium/Equilibria is/are
What is the SPE outcome if player 2 chooses first? The SPE outcome is
What is the SPE outcome if player 1 chooses first? The SPE outcome is
Could player 2 improve her payoff by committing to a certain strategy in advance? If so, what strategy should she commit to and what are the new payoffs?