微观济学秋季作业问题集5：古诺竞争与市场合作分析.pdfVIP

ProblemSet5

1.WallatSiliconValley

Jobsandesproducealcomputers.Eachonehasacostfunctiongivenby

.Themarketdemandis,where

a)IfJobsandesacttoizetheirownprofits,takinghisrival’soutputasgiven,

whatwillbetheCournotequilibriumforeachone?Whataretheprofitsforeachone?

b)Oneday,esfindsthatitwillbemuchteriftheycooperate.Thetwocolludeand

behavelikeaCartel.Whatwillbetheprofit-izeoutputandequilibriumprice?

Whataretheoutputandprofitforeachone?

c)AnapplehitJobswhenheisreadingunderthetree,suddenlyhecomesupwitha

wonderfulidea.Jobs’newproductMarccanbeproducedinaccordwiththenewcost

function.Jobsdominatesthemarketandbecomethemarketleader.

Afterheannounceshisoutputdecision,esdecideshisownoutputtoizehis

ownprofit.WhataretheoutputandprofitforJobsandes?

2.PetroleumCompetition

Sinopecandpetroaresellingpetroleum.Theycompetebychoosingprice.Their

demandfunctionsareandrespectively.Both

oftheirmarginalcostequalzero.Thereisnofixedcost.

a)Supposethetwosettheirownpriceatthesametime.FindtheNashEquilibrium

priceandcalculatetheprofitforeachcorporate.

b)SupposethatSinopecchoosesitspricefirst,andthenpetrosetsitsprice,what

willtheequilibriumpricesbethistime?Calculatetheprofitforeachfirm.Istherea

first-moveradvantageforSinopec?

3.BattleoftheMarne

AttheBattleoftheMarne,Francehas3choices(F,W,