We do not consider randomization. The relationship between a Nash equilibrium and an equilibrium in dominant strategies is that: an equilibrium in dominant strategies is a special case of a Nash equilibrium. O a Nash equilibrium is a special case of an equilibrium in dominant strategies. O they are the same. O a Nash equilibrium always exists, but an equilibrium in dominant strategies may not exist.

We do not consider randomization. The relationship between a Nash equilibrium and an equilibrium in dominant strategies is that: an equilibrium in dominant strategies is a special case of a Nash equilibrium. O a Nash equilibrium is a special case of an equilibrium in dominant strategies. O they are the same. O a Nash equilibrium always exists, but an equilibrium in dominant strategies may not exist.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter19: Externalities And Public Goods

Section: Chapter Questions

Problem 19.12P

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