Battle of Sexes a. Find and explain all outcomes which are Pareto Efficient. b. Find all the possibilities of IEWDS equilibrium. c. Find all the pure NEs. d. Compare the result in (b) and (c), explain!

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics
Section: Chapter Questions
Problem 4.9P
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Battle of Sexes

a. Find and explain all outcomes which are Pareto Efficient.
b. Find all the possibilities of IEWDS equilibrium.
c. Find all the pure NEs.
d. Compare the result in (b) and (c), explain!

Wife
ballet
soccer
Husband
ballet
2 ,1
-2 ,-2
soccer
2 ,2
3 , 2
Transcribed Image Text:Wife ballet soccer Husband ballet 2 ,1 -2 ,-2 soccer 2 ,2 3 , 2
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