Eco – there are three major network affiliate television stations in

Problem 2
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. Explain what will happen.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more