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What do I need to do find each firm's Nash Equilibrium?
我们怎样才能找出每家公司的纳什均衡呢
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Each firm is going to produce a - c over 3b and there are two such firms.
每家公司的产量是/3b,而且市场中有两家公司
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This strategy set--formally, Let's just simplify it here-- let's assume that for each Firm i they can set their price anything bigger than 0 and anything less than 1, just to keep life simple.
至于策略集合,我们把它简化成,假设每个公司i能,将它们的价格设定为,大于0并且小于1,仅仅为了简化处理
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You're going to work out what firm's demands are going to look like for each possible price they could set.
你们要解出,公司针对每一个其可能设定的价格,它的需求是什么
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They own this firm jointly and they split the profits, so they share 50% of the profits each.
他们共同拥有这家公司并且平分利润,即他们各自持有50%的股份
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So the issue is going to be which firm does each consumer go and buy their product from.
所以问题变成了每个消费者,去哪家公司买东西
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Each consumer is going to buy one product, either from Firm 1 or from Firm 2.
每个消费者会买一个产品,从公司1买或者从公司2买
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So here is the best response of Firm 1 to each possible choice of Firm 2.
这是公司2每种策略下公司1的最佳对策
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Each agent is going to choose her effort level to put into this firm.
每个股东都要选择为公司投入多少精力
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Which firm does each consumer choose?
每个消费者选择哪家公司呢
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