2 votes
Accepted

About Theorem 1.1 in Game Theory: Analysis of Conflict by Roger Myerson

Let's first have a look at the left hand side of the equation. Take an outcome $y$ and a state $r$. There are two cases: If $y$ is not the worst outcome in state $r$ then the lottery gives: $$ \left(\...
tdm's user avatar
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2 votes
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what to learn to write a comprehensive strong paper?

This depends on exact subfield or even topic you are interested in. For example, there are people who only work on theory, and there you only need strong math background and nothing else. If you work ...
1muflon1's user avatar
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2 votes
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General equilibrium with market power

Given a pure exchange economy: $u_A(x_A, y_A)=x_Ay_A$, $u_B(x_B, y_B)=x_By_B^2$ with endowments: $\omega_A=(80,150)$ and $\omega_B=(210,180)$ To find the equilibrium, we first find the price offer ...
Amit's user avatar
  • 7,583
1 vote

General equilibrium with market power

Not sure where you get lost. $u_B$ is Cobb-Douglas type, thus given a price vector $\textbf{p}$ and initial endowment $\textbf{w}^B$ it is easy to determine $x_1^B(\textbf{p}),x_2^B(\textbf{p})$. Once ...
Giskard's user avatar
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