Business, 27.02.2020 22:25 Animlolie

Imagine that a zealous prosecutor (P) has accused a defendant (D) of com- mitting a crime. Suppose that the trial involves evidence production by both parties and that by producing evidence, a litigant increases the probability of winning the trial. Specifically, suppose that the probability that the defendant wins is given by eD /(eD + eP), where eD is the expenditure on evidence production by the defendant and eP is the expenditure on evidence produc- tion by the prosecutor. Assume that eD and eP are greater than or equal to 0. The defendant must pay 8 if he is found guilty, whereas he pays 0 if he is found innocent. The prosecutor receives 8 if she wins and 0 if she loses the case.

(a) Represent this game in normal form.
(b) Write the first-order condition and derive the best-response function for each player.
(c) Find the Nash equilibrium of this game. What is the probability that the defendant wins in equilibrium?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:30

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Answers: 1

Answer

Business, 22.06.2019 11:20

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Answers: 2

Answer

Business, 22.06.2019 11:50

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units

Answers: 1

Answer

Business, 23.06.2019 05:30

What type of stock does a large company issue?

Answers: 3

Answer

You know the right answer?

Imagine that a zealous prosecutor (P) has accused a defendant (D) of com- mitting a crime. Suppose t...

Questions