Figure 2:
Diagram with two panels (A) and (B), each plotting x to base a on the horizontal axis and x to base b on the vertical axis. Both show 45-degree lines, red curves labeled r base a(x base a), blue curves labeled rb(xa), equilibrium point NE, and marked values S,S/4, Sb, and related expressions.

Reaction functions and Nash equilibria. (A) The equilibrium with symmetric prizes,

Sa∗=Sb∗=S
(B) The equilibrium with asymmetric prizes, where
Sa∗>Sb∗.

This Feature Is Available To Subscribers Only

or Create an Account

Close Modal
Close Modal