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a. Construct the following game in extensive form. In 2011, the government must decide whether or not to cancel the analog TV frequency spectrum. In

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a. Construct the following game in extensive form. In 2011, the government must decide whether or not to cancel the analog TV frequency spectrum. In the 2013 upper house elections, voters must decide whether or not to vote for the Liberal Democratic Party. b. How credible is the government threat to cancel analog TV frequency spectrum? How does your answer depend on the vote for the Liberal Democratic Party in the 2010 upper house election? c. Japan has a relatively old population, which is continuing to age. Compare the rates at which older vis-a-vis younger households would replace their analog TV set with digital sets? d. Suppose that older voters are relatively more likely to support the Liberal Democratic Party. How would your analysis in (c) affect your answer to (b)

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