1. (10 points) Bargaining for a house. Skyler wants to buy a house which she values at V. If she finds a price p: which is satisfactory for her and the seller: the seller receives p and she gets V p. If they cannot agree1 Skyler receives zero the seller receives a value pout. You can interpret pout as the price another buyer is ready to pay for the house. 0 Assume that when one is indifferent between accepting and rejecting: one accepts an offer. 0 Assume both Skyler and the seller know Skylergs valuation of the house and the value pout. . \"Fe are looking, for a subgarne perfect Nash equilibrium. 0 There is no discounting. a) (4 points) If Skyler makes an offer and the seller cannot make a counter offer: i) \"That is the offer? ii) \"That is the Ininirnurn value of V (as function of punt) such that Skyler wants to make the offer (instead of walking, away)? b) (4 points) \"That if the seller is the one making the offer to Skyler (which Skyler can then accept or reject: without counter offer). i) \"That will the seller offer Skyler? ii) \"that is the minimum value of V (as function of pout) such that the seller wants to make the offer (and not take the outside Option punt)? c) (2 points) In this garner which side has the advantage: the one who makes or receives the offer