Answering 4 Questions

En curso Publicado Feb 25, 2015 Pagado a la entrega
En curso Pagado a la entrega

In the Below there are 4 questions. These are should be answered in 3 hours. Please check questions and time. It is only in 3 hours. My budget is only 10 dolars your bids shouldn't be more than 10 dolars.

Assignment 1

Q1) Come up with two real life bargaining scenarios where the use of

independence of irrelevant alternatives axiom would not be very plausible.

Explain why. (200 words)

Q2) Do an internet search / literature search and find out which

justice notions the Nash bargaining solution and the Kalai Smorodinsky

solution are associated with. Explain these justice notions and how these

solution concepts capture them.

Q3) Answer the following questions. Your answers should be

formal/mathematical.

a) How that the Kalai-Smorodinsky solution satisfies Individual

Monotonicity.

b) Show that the Nash solution does not satisfy Individual Monotonicity.

c) Show that the Kalai-Smorodinsky solution does not satisfy

Independence of

Irrelevant Alternatives.

d) Show that the Egalitarian solution satisfies Strong Monotonicity.

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