The Nash Equilibrium Revisited
3 years ago
Microeconomics
Dominant Strategies: I’m doing the best I can no matter what you do.
You’re doing the best you can no matter what I do.
Nash Equilibrium: I’m doing the best I can given what you are doing.
You’re doing the best you can given what I am doing.
Random: If a tax is introduced, then supply and demand prices are no longer equal:
PS = PD – t

Bijay Satyal
Dec 1, 2021