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Payoffs Under P-formal authority Up = EB + (1 -E)eaB gP(E) UA=Eb + (1 -E)eb gA(e) Under A-formal authority Upd- eaB + (1 -
Payoffs Under P-formal authority Up = EB + (1 -E)eaB gP(E) UA=Eb + (1 -E)eb gA(e) Under A-formal authority Upd- eaB + (1 - e)EB - gP(E) UAd- + (1 - e)Eb - gA(e)
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Essentials Of Economics
Authors: Bradley Schiller
7th Edition
0073375802, 9780073375809
