How does the nash equilibrium outcome compare to the


The n-Player Tragedy of the Commons: Suppose there are n players in the tragedy of the commons example in Section 5.2.2.

a. Find the Nash equilibrium of this game. How does n affect the Nash outcome?

b. Find the socially optimal outcome with n players. How does n affect this outcome?

c. How does the Nash equilibrium outcome compare to the socially efficient outcome as n approaches infinity?

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Management Theories: How does the nash equilibrium outcome compare to the
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