Mando is Held Up. So are Firms. Goals: Students will experience hold-up problems in a one-shot game. Students will experience hold-up problems in a repeated game. Students will experience the market when the product isn’t specialized. Time needed: 30-45 minutes Materials Required: None Overview: Hold-up problems occur when firms exert effort for a specific buyer;Continue reading “Hold Up Problem”
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Mando Faces Hold-Up Problem (The Mandalorian- Episode 1)
Mando meets with Greef Karga, who he captured a few prisoners for, now faces a new price after he has already done the work. Mando must either accept imperial credits (which he does not want as the Empire has fallen) or Calamari Flan (but he will only get half of the agreed-upon amount). As heContinue reading “Mando Faces Hold-Up Problem (The Mandalorian- Episode 1)”