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Two players 7L : 1, 2 own a house, whose values 111- are drawn independently from a uniform distribution on [0,1]. Because the grass is
Two players 7L : 1, 2 own a house, whose values 111- are drawn independently from a uniform distribution on [0,1]. Because the grass is always greener on the other side, each player 2' values player j 1s house at gvj, regardless of what value vj is. Suppose the players announce simultaneously whether they want to swap the house with the other player and that the house is swapped only if they both announce they want to swap. What are the Bayesian Nash equilibria, in which both players use cuto' strategies
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