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Joanna has a credit card account with Card Bank. Card Bank's available strategies are to raise ...

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Joanna has a credit card account with Card Bank. Card Bank's available strategies are to raise ...

Joanna has a credit card account with Card Bank. Card Bank's available strategies are to raise Joanna's credit card interest rate or do nothing. Joanna's available strategies are to transfer her Card Bank account balance to another creditor or do nothing. The strategy pay-offs are indicated below.

Does either player have a dominant strategy? Does the game have any Nash equilibria? What is the maximin strategy of each player in the game?

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Microeconomics

Edition: 8^th

Author: Pindyck

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nakungth Author

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Thanks for your help!!

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