Equilibrium condition assuming the nash conjecture holds, Econometrics

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Equilibrium condition assuming the nash conjecture holds

Assignment task: Team i and team j compete in a league. Each team chooses a level of talent t, which determines their number of wins in a season. Wins generate revenue R and tie purchased in a competitive market. Write down and briefly explain the equilibrium condition assuming the Nash conjecture holds.

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Econometrics: Equilibrium condition assuming the nash conjecture holds

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