ECON6001_ECON6701 Final Exam
Started: Nov 23 at 9:13
Quiz Instructions
The exam is divided into two parts, Part A and Part B. Answers to Part A must be typed into the spaces provided. Answers to Part B must be submitted as a single handwritten PDF file
after you have submitted the quiz.
PART - A
There are five questions that require only a short and quick response/calculation. Submit your answers in the spaces provided.
3 ptsQuestion 1
A =
B =
C =
3 ptsQuestion 2
A =
3 ptsQuestion 3
A =
B =
C=
D =
3 ptsQuestion 4
p 0 words
3 ptsQuestion 5
Edit View Insert Format Tools Table
12pt Paragraph
(a)
(b)
(c)
(d)
PART - B
Handwrite your answers to the questions and after you are certain you have finished, upload as a single PDF file in ECON6001_ECON6701
Final Exam Upload (https://canvas.sydney.edu.au/courses/46101/assignments/412135) after you have submitted the quiz.
Question 6

There are three statements. You are required to comment on each of those statements. Answer in a few sentences. You may even present your
argument as a list of bullet points or make your point with a simple picture/example/counter example. Your answer for any one of the questions
should not exceed half an A4 page.
1. In the context of bargaining theory studied in class, having an outside option and being the first mover necessarily results in an advantage.
(5 points)
2. Solution of a game obtained through iterated elimination of weakly dominated strategies is more compelling than if it was just a Nash
equilibrium. (5 points)
3. Consider the auction environments we considered in class. The expected revenue in a second price auction equals that in a first price
auction. Explain. (5 points)
Question 7
Not saved
Question 8
Submit Quiz