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The following picture describe an offer matching game similar to what we have studied in lecture 5. EMPLOYEE search P ( HIGH COST ) =

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The following picture describe an "offer matching" game similar to what we have studied in lecture 5. EMPLOYEE search P ( HIGH COST ) = 0.5 high cost don't OUTSIDE .. . . .. .. . . OFFER : $ 100, 009 match search cost CURRENT . $ 80, 000 PAY don't EMPLOYER EMPLOYEE HIGH . $ 25,900 Search COST do not match high cast don't LOW . $ 5, 000 COST low search cost COST OF Conly LOSING EMPLOYEE : $ 32 102 1 Fill in all The payoffs. https://bb.csueastbay.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_148359_1&course_id=_89316_1&content_id=_7770903_1... 5/7 2. Calculate the Employer's payoff from matching the outside offer 3. Calculate the Employer's payoff from not matching the outside offer

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