How do I compose a game in strategic form, so that every pure strategy profile is a Nash equilibrium, and such that each player can receive at least three different payoffs in the game? a. Compare and contrast the following models: Cournot model...
Bertrand oligopoly c. Cournot oligopoly d. Monopoly What is the relationship between monopolistic competition, monopoly and perfect competition? Is the monopoly price always higher than the perfect competition market price? What is meant by perfect competition? State the profit ...
Describe the difference between a Cournot-Nash equilibrium and a Bertrand-Nash equilibrium. Provide graphs if necessary. Explain the concept of a Nash equilibrium. In your answer make sure that you explain how, why, and in what sense a Nash equilibrium may not yi...
along with a comprehensive analysis that includes the non-negativity of the solutions, equilibrium points, basic reproduction number, stability of equilibrium points, sensitivity analysis, scenario analysis, numerical solutions, and the dynamics of the proposed model (9) using Caputo fractional-order dif...