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    Microeconomics Study Set 32
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    Exam 12: Game Theory
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    Kelly and Karl Can Vote for or Against a Public
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Kelly and Karl Can Vote for or Against a Public

Question 19

Question 19

Essay

Kelly and Karl can vote for or against a public project. Their payoffs are given in the table: Kelly and Karl can vote for or against a public project. Their payoffs are given in the table:   a. What are the pure-strategy Nash equilibria if any? b. What is the mixed-strategy Nash equilibrium? a. What are the pure-strategy Nash equilibria if any?
b. What is the mixed-strategy Nash equilibrium?

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a. By the check method: blured image There are two p...

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