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There are three ice cream vendors who are deciding where to locate on a beach. The only decision that they have to make is where to locate the store that they have to run. There are 10 positions available on the beach and costumers are uniformly distributed along this beach. This is the same linear city game we played in class only now we have three icecream vendors. Now are strategies 1 and 10 still dominated by strategies 2 and 9 respectively? If not, check and see if they are dominated by strategies 3 and 8 respectively? If so, are strategies 2 and 9 dominated by any other strategy in the reduced form game?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91275307

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