Business, 06.10.2019 10:02 anthony4034
Attached is the exit, voice, and loyalty game between the state and the citizen. recall that e is the payoff that the citizen gets when she exits, l is the payoff that the state gets from retaining a loyal citizen, 0 is the payoff that the citizen gets from remaining loyal, and c is the cost that the citizen must pay for using voice. let e = 0.25, let l > 1, and let c = 1.0 what is the subgame perfect nash equilibrium or equilibria for the game if you use these payoff values?
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Attached is the exit, voice, and loyalty game between the state and the citizen. recall that e is th...
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