Business, 19.10.2021 08:50 Klevster

Each of two firms has one job opening. Suppose that the firms offer different wages: firm 1 offers wage w1, firm 2 offers wage w2. Imagine that there are two workers, each of whom can apply to only one firm. The workers simultaneously decide whether to apply to firm 1 or to firm 2. If only one worker applies to a given firm, that worker gets the job; if both workers apply to one firm, the firm hires one worker at random and the other worker is unemployed. Worker 2
Apply to firm 1 Apply to firm 2
Worker 1 Apply to firm 1 1/2w1, 1/2w1 w1,w2
Apply to firm 2 w2, w1 1/2w2, 1/2w2

Let w1= 8 and w2= 6. Find all the Nash equilibria

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 05:00, july00

Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.

Answers: 3

continue

Business, 22.06.2019 09:30, bubbagumpshrimpboy

When you hire an independent contractor you don't have to pay the contractors what

Answers: 3

continue

Business, 22.06.2019 12:00, DeathFightervx

Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.

Answers: 1

continue

Business, 22.06.2019 15:30, jasonoliva13

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration

Answers: 2

continue

You know the right answer?

Each of two firms has one job opening. Suppose that the firms offer different wages: firm 1 offers w...