Slide 1 © 2005 Pearson Education Canada Inc. 16.1 Chapter 16 Game Theory and Oligopoly Slide 2 © 2005 Pearson Education Canada Inc. 16.2 Figure 16.1 The monopoly equilibrium…

Slide 1 CHAPTER 9 Basic Oligopoly Models McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Slide 2 Chapter Outline Conditions for…

Slide 1 Intro to Game Theory Revisiting the territory we have covered Slide 2 A look at the skeleton There is a fairly small set of ideas which we have seen developed with…

Slide 1 1 Chapter 11 Dynamic Games and First and Second Movers Slide 2 2 Introduction In a wide variety of markets firms compete sequentially –one firm makes a move new…

Slide 1 18. Oligopoly Varian, Chapter 27 Slide 2 Two firms, two issues Concentrate on duopoly – easy notation Two issues: 1.What are firms’ choices? –Choose a quantity/quality…

Slide 1 Capability Building in Global Markets Barcelona 8 th October 2008 Slide 2 Motivation A nice way of combining product and process innovation is to introduce the concept…

Slide 1 Dynamic Games and First and Second Movers Slide 2 Introduction In a wide variety of markets firms compete sequentially –one firm makes a move new product advertising…

Oligopoly Structure Assume Duopoly Firms know information about market demand Perfect Information Strategy Sequential Movement Quantity Stackelberg Model Price Price Leadership…

Oligopoly: Interdependence and Collusion Industrial Economics Objectives Explore the interdependence between firms using the Cournot oligopoly models. See that interdependence…

Collusion in Practice Introduction Collusion is difficult to detect no detailed information on costs can only infer behavior Where is collusion most likely? look at the cartel…