hw2-2013-summer-ans.pdf

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Department
Economics
Course
ECON 221
Professor
Michael Vaney
Semester
Fall

Description
Assignment 2Solution hints to selected questions Question 5Part a Note that any professor has only 2 strategic choices in this game a strategic choice is a voting decision for example professor A can vote for professors B or C but not for himself The normal form representation below has professor A choosing among rows professor B choosing among columns and professor C choosing among matrices The first entry for the payoffs associated with a given outcome corresponds to professor A the second entry to professor B and the third entry to professor C For example if professor A votes for B professor B votes for A and professor C votes for A professor A is elected my majority in this case professor A gets 1 professor B gets 1 and professor C gets 0 Part b First note that if professor C votes for A and professor B votes for C then pro
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