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For those equilibria that are not subgame perfect, what is the reason? (identify the source of the lack of credibility) (5 pts) 1/2 L R
For those equilibria that are not subgame perfect, what is the reason? (identify the source of the lack of credibility) (5 pts)
1/2 L R
A (-2,-1) (2,1)
B (1,2) (-1,-2)
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
