1. Demonstrate how game theory can be used to model simultaneous and dynamicchoices. Do the solutions to the games have any strengths or weaknesses?

2. Present the model of Cournot quantity competition in a homogeneous-good market.Is the collusive equilibrium a Cournot equilibrium?


3. Explain the different ways in which asymmetric information may result in Paretoinefficientoutcomes. How can these information problems be solved?


4. ”If property rights are defined, rational individuals can always solve the problemscaused by externalities”. Discuss this statement in the context of Coase’s theorem.


5. ”Individual preferences cannot be aggregated into a single preference”. Discussthis statement in the context of Arrow’s theorem.



马上考试了，老师也不给答案，求大神助攻，求不挂科，好人一生平安。