What are the equilibrium payoffs for each player if you use these payoff values?
Below is the Exit, Voice, and Loyalty game between the state and the citizen.Recall that E is the payoff that the citizen gets when she exits, L is the payoff that the state gets from retaining a loyal citizen, 0 is the payoff that the citizen gets from remaining loyal, and C is the cost that the citizen must pay for using voice.
Let E = 0.5, let L> 1, and let C = 0.75.
A. 0; 1+L
B. .25; 1
C. ?.5; 1 + L
D. ?.25; 1
E. .5; 1
E. .5; 1
You might also like to view...
Guerrilla warfare usually involves violent action that
A. focuses on government targets, usually military targets. B. is carried out with economic patterns of behavior. C. results from legislative policymaking. D. follows on the heels of judicial decision making.
Which of the following statements regarding Nigerian elections is true?
a. A candidate for president must win 50 percent of the vote and at least one-fourth of Nigeria's 36 states in order to win. b. There are no term limits for the president, but members of the legislature are not allowed to serve consecutive terms in office. c. elected officials win office through a winner-take-all vote, and all officials serve the same four year terms, with the president alone being limited to two terms. d. there is an extensive primary process through which all candidates are thoroughly vetted, followed by a long campaign season before the general election.
Belief in which of the following statements is an example of using intuition in everyday life?
a. cholesterol is bad b. the number one killer of women is breast cancer c. the country of Iceland is covered in ice d. all of the above
With respect to the commercial development of television, World War II __________
a. delayed commercial development b. expanded commercial development c. regulated commercial development d. emphasized war propaganda