请教高手,下面的题如何解?
Workers come in types, Good and Bad, who make mistakes with probabilities 0.25 and 0.75. Both are risk averse. Whether a mistake is made is contractible. Employers are risk neutral.
(1) Draw a state-space diagram with a separating equilibrium.
(2) Show why no pooling equilibrium exists.
(3) Draw a state-space diagram so there is no separating equilibrium.
(4) Find the