Problem Set Answers

By popular demand, now up in the handouts section of the course website are some answers to the problem sets. These include supplemental notes for problem set 2 showing how to solve lobbying games in general. More importantly, the model problem set solution offered by the Latin Gambits for PS3 is also posted. 

Enjoy

Sport Geenius Payouts

I've now computed the payouts for Sports Geenius. Check them out here:

Sports Geenius Payouts

If you are a lucky winner, please stop by the office of my assistant, Milton Fong (he is across the way from my office) and pick up your cash. Congratulations to the winners!

OPEC Final Results

Excellent discussion of what makes for effective trust and coordination. I thought the focus on communication and of appeals to non-economic motives was especially valuable. For your reference, below is a link to the spreadsheet with the final totals. Please input your earnings (where $1 million = 1 ecu) into the P&L spreadsheet. Thanks!

OPEC Final Results

OPEC Round 10

A: $86.88, 77,403

B: 83.23, 77,292

Cold fusion coin = heads. Cold fusion is invented. There is no round 11. 

OPEC Round 9 Results

Market A: $63.11, 78,287
Market B: $62.24, 75,318

The last embers of cooperation flicker out.

Cold fusion: Result = Tails, so cold fusion not invented. Round 10 due today, though I think I can guess what the production amounts will be.

OPEC Round 8 Results

Market A: Price = $101.75, Quantity = 73,458
Market B: Price = $84.02, Quantity = 77,308

Things are still holding together in market A. Market B is off the rails.

Cold fusion die = 4. Result: Cold fusion not invented so round 9 is on. Quantities due tonight at 1159.

OPEC Round 7 Results

Sorry for the delay. Out of town playing golf in Santa Barbara. Sandpiper is an awesome course.

Market A: Price = 101.76, Quantity = 71,115
Market B: Price = 65.45, Quantity = 74,488

Cooperation completely collapses in market B!