Business, 09.10.2019 22:20 scottmn

Consider a variation of the television station broadcast game of exercise 4 in chapter 7. suppose the stations interact sequentially. first, mbc chooses between 6: 00 and 7: 00. then, after observing mbc’s choice, rbc decides between 6: 00 and 7: 00. finally, after observing the behavior of both mbc and rbc, cbc chooses either 6: 00 or 7: 00. payoffs are as given before. draw the extensive form of this sequential game and compute the subgame perfect equilibrium. is the outcome different from that in the simultaneous-play game? explain.

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Consider a variation of the television station broadcast game of exercise 4 in chapter 7. suppose th...

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