bensmyname
New member
- Joined
- Aug 6, 2010
- Messages
- 13
i know this isn't really an economic forum or anything but curious if anyone has any ideas for how to do a small assignment i have, im all out of em.
basically its a situation with an incumbent and potential entrant
Game 1. The incumbent chooses an output level. The potential entrant decides whether to enter or not. The potential entrant chooses an output level (if they entered).
however i cant work out much of a difference between 1 and the other 2 below
Game 2. The potential entrant decides whether to enter or not. The incumbent chooses an output level. The potential entrant chooses an output level (if they entered).
Game 3. The potential entrant decides whether to enter or not. The potential entrant chooses an output level (if they entered). The incumbent chooses an output level.
and also am unsure how i should be working out, Ive been using excel putting in numbers etc which i do have but i don't think are relevant to include, i don't need someone to tell me how to do every step, but what steps should i be doing in the first place ha like is there an obvious formula that is commonly used to work out such games.
cheers for any help/ideas
basically its a situation with an incumbent and potential entrant
Game 1. The incumbent chooses an output level. The potential entrant decides whether to enter or not. The potential entrant chooses an output level (if they entered).
however i cant work out much of a difference between 1 and the other 2 below
Game 2. The potential entrant decides whether to enter or not. The incumbent chooses an output level. The potential entrant chooses an output level (if they entered).
Game 3. The potential entrant decides whether to enter or not. The potential entrant chooses an output level (if they entered). The incumbent chooses an output level.
and also am unsure how i should be working out, Ive been using excel putting in numbers etc which i do have but i don't think are relevant to include, i don't need someone to tell me how to do every step, but what steps should i be doing in the first place ha like is there an obvious formula that is commonly used to work out such games.
cheers for any help/ideas