Table 2.

Equilibrium solutions under scenario AW and AD

	p*	e*	d*	${\pi }_b^{\ast }$	${\pi }_s^{\ast }$
AW	$\frac{{\mathrm{\theta }}^{2}k}{2\mathrm{\theta }k-2r}$	$\frac{\mathrm{\theta }r}{2\mathrm{\theta }k-2r}$	$\frac{1}{2}$	$\frac{{\mathrm{\theta }}^{2}k\left(r,-,1\right)}{4\left(r,-,\mathrm{\theta },k\right)}$	$\frac{{\mathrm{\theta }}^{2}kr\left(2,\mathrm{\theta },k,-,3,r\right)}{8{\left(r,-,\mathrm{\theta },k\right)}^2}$
AD	$\frac{{\theta }^{2}k}{2\theta k-r}$	$\frac{\mathrm{\theta }r}{2\mathrm{\theta }k-r}$	$\frac{\mathrm{\theta }k}{2\mathrm{\theta }k-r}$	$\frac{{\mathrm{\theta }}^3{k}^2\left(1,-,r\right)}{{\left(r,-,2,\mathrm{\theta },k\right)}^2}$	$\frac{{\mathrm{\theta }}^{2}kr}{4\mathrm{\theta }k-2r}$