Jeg sitter med siste deloppgave i ei semesteroppgave, og jeg står bom fast. Jeg finner rett og slett ikke ut hvordan jeg skal gå frem her.
Kopierer og limer inn oppgava under. All hjelp mottas med stor takk.
Edit: Jeg skjønner at dette er mye å be om, og jeg føler meg teit som registrerer meg her bare for å pøse inn denne lange oppgava (selv om jeg har brukt forumets søkefunksjon flittig en hel del ganger tidligere). Men jeg er rimelig desperat og kommer til å sitte her utover natta og trykke F5, så kan du bidra med noe som helst så vær så snill.Assume we have a Bertrand game with 2 firms with marginal cost equal to 20 and sunk fixed cost equal to 500. The reason for playing this game with a negative profit is that in a hydro system we have had a very rainy autumn and each firm has a capasity, K1=100 and K2=100 . We now change the rules of the game by opening the boarder for export, E1 and E2 to fixed price 30. The game now turns into a Cournot game with profit functions for each firm = (100-E)P +30E - 2000. The last element in this function is the total variable cost with marginal cost equal to 20 and capacity 100, and since they can export as much they want to fixed price 30, the decision problem is to decide how much to export , E1 and E2, and the recidual will go to the local marked, X1=100-E1 and X2=100-E2. The demand function is now P=120-(100-E1) - (100 - E2). Find the best response functions by maximizing the profit functions and first deciding how much to export for each firm. Find prices, profits and compare this solution with b) . What happens if export price increases to 40?
