ECON0027 Game TheoryHome assignment 31. Two players, Sauron (player 1) and Saruman (player 2), each own a house. Eachplayer values his own house atvi. The value of playeri’s house to the other player,i.e. to playerj6=i, isαvi−cwhereα >1. Each player knows the valueviof hisown house to himself, but not the value of the opponent’s house. Both […]
Consider a world withkmen andhwomen. Mani’s height isxiand womanj’sheight isyjfor alliandj. Assume that no two individuals in this world havethe same height. Also assume that both men and women prefer taller partners toshorter ones. Finally, both men and women prefer to be married to being single.(a) How many stable matchings are possible in this world? […]
This week, the course shifts from a focus on macroeconomics to an exploration of microeconomics. While macroeconomic indicators reflect business trends, as well as the effects of government regulation, at the national level, microeconomic indicators relate to business activitiesat the regional and local levels. Thislecture examinestwo key microeconomic indicators, Supply and Demand, explaining how they […]
EC3346 Family EconomicsAssignment Problem SetAutumn 2020Dan AnderbergThe assignment has two questions, each worth 50 marks in total. Completeboth questions.Question 1Consider a couple, Betty and George,i= 1,2 respectively. Each partner hasprivate preferences over own consumption,ci, and a household public goodGwhich are given by:ui= logci+ logGThe total level of the public good,G, is simply the sum of […]
EC3346 Family EconomicsAssignment Problem SetAutumn 2020Dan AnderbergThe assignment has two questions, each worth 50 marks in total. Completeboth questions.Question 1Consider a couple, Betty and George,i= 1,2 respectively. Each partner hasprivate preferences over own consumption,ci, and a household public goodGwhich are given by:ui= logci+ logGThe total level of the public good,G, is simply the sum of […]
