Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Microeconomics Expert

There are three major network affiliate television stations in Hicksville: RBC, CBC and MBC. All three stations have the option of airing the evening network-news program live at 6:00 pm or in a delayed broadcast at 7:00 pm. By regulation, they may not choose other times. Each station's objective is to maximize its viewing audience, in order to maximize the station's advertising revenue. The table below gives the percentage of Hicksville's total population "captured" by each station as a function of the time at which each news program is shown. The numbers do not sum to 100 since not everyone always watches TV.

Times Chosen Audience Capture
MBC RBC CBC MBC RBC CBC
6:00 pm 6:00 pm 6:00 pm 32 14 24
6:00 pm 6:00 pm 7:00 pm 27 8 30
6:00 pm 7:00 pm 6:00 pm 24 30 16
6:00 pm 7:00 pm 7:00 pm 50 13 12
7:00 pm 6:00 pm 6:00 pm 30 16 24
7:00 pm 6:00 pm 7:00 pm 24 30 16
7:00 pm 7:00 pm 6:00 pm 14 30 23
7:00 pm 7:00 pm 7:00 pm 32 14 24

1) Suppose that the choices of all three stations are made simultaneously. Find the Nash equilibrium(s). (Hint: Try to set this up so it looks more like a normal form game. To do this for three players, use two 2*2 matrices: let MBC choose the matrix, RBC the row and CBC the column).
2) Suppose now that the game is played sequentially. MBC moves first. RBC moves second and CBC moves third. Each station can observe all previous moves before making her choice. describe what will happen.
3) Look at your answers to problems (1) and (2). Give an intuition why there is, or is not, a difference in the outcome.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940438

Have any Question? 


Related Questions in Microeconomics

Assignment-money and pricesjaydeethe organizations

Assignment-Money and Prices Jaydee The organization's strategic plan you wrote about in Week 2 calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over ...

Assignmentthe paper is to be a properly formatted apa paper

Assignment The paper is to be a properly formatted (APA) paper that I expect will take at least 5 pages to do properly. It is to take the material discussed in the course and apply it to some issue or observation in your ...

1 a explain in clear language the economic inefficiency

1. a) Explain in clear language the economic inefficiency associated with adverse selection. b) The ACA (aka Obamacare) included an insurance mandate, which forces everyone to purchase insurance or face a penalty. Under ...

Create the demand and supply of the labor market and demand

Create the demand and supply of the labor market and demand and supply of the goods market using the production function and consumption utility function given. Solving the equations and graphing the models have to be th ...

Assignmentresearch a company of your choosing that has

Assignment Research a company of your choosing that has global presence. The World's Most Reputable Companies website has a list of 100 multinational businesses with global presence. Feel free to pick a company from this ...

Can you write a great paper on a research economic topic10

Can you write a great paper on a Research economic topic 10 page paper Including abstract, introduction, content and conclusion, reference. You can choose any economic topics and analyze the issue from your own perspecti ...

Assignment economics read the following case study and

ASSIGNMENT: ECONOMICS Read the following case study and answer the given question. THE MACROECONOMICS OF POVERTY REDUCTION: THE CASE STUDY OF BANGLADESH Adapted: Osmani, S.R; Mahmud, W; Sen, B; Dagdeviren, H; and Seth, A ...

Assignmentthe paper is on googles business ethics in the

Assignment The paper is on Google's Business Ethics in the area of Sustainability. How does Google contribute or detract from various aspects of sustainability? Sustainable businesses make products and services which fil ...

Question 1 the agrizone corporation invests 140140 million

Question 1. The Agrizone Corporation invests $14.014.0 million in a new inventory tracking system. A. The opportunity cost of Agrizone's decision is the value of leaving the money unutilized. B. The opportunity cost of A ...

Desserts by jb case studyjay brown jb to his friends is a

Desserts by J.B Case Study Jay Brown (J.B. to his friends) is a student at the North-west Culinary Institute and specializes in preparing elab-orate desserts. After graduation. J.B. wants to open up a bakery. The bakery. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen