Answering 4 Questions

In the Below there are 4 questions. These are should be answered in 3 hours. Please check questions and time. It is only in 3 hours. My budget is only 10 dolars your bids shouldn't be more than 10 dolars. Assignment 1 Q1) Come up with two real life bargaining scenarios where the use of independence of irrelevant alternatives axiom would not be very plausible. Explain why. (200 words) Q2) Do an internet search / literature search and find out which justice notions the Nash bargaining solution and the Kalai Smorodinsky solution are associated with. Explain these justice notions and how these solution concepts capture them. Q3) Answer the following questions. Your answers should be formal/mathematical. a) How that the Kalai-Smorodinsky solution satisfies Individual Monotonicity. b) Show that the Nash solution does not satisfy Individual Monotonicity. c) Show that the Kalai-Smorodinsky solution does not satisfy Independence of Irrelevant Alternatives. d) Show that the Egalitarian solution satisfies Strong Monotonicity.