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QUESTION 6.10: A game is in equilibrium when no player can increase his or her payoff by changing strategy, so long as the other players
QUESTION 6.10: A game is in equilibrium when no player can increase his or her payoff by changing strategy, so long as the other players do not change their strategies.17 Prove that the simple liability game is in equilibrium when the injurer and the victim take efficient "aJe Once each party is taking efficient care, there is no incentive for either party to change the amount of care he is taking Use a graph to explain the efficiency consequences of a legal standard that exceeds the efficient level of care
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