Documents Lecture 3 Ecos2201 Gs Tab

Differentiation Differentiation provides a degree of market power Two forms of product differentiation, quality (vertical) and variety (horizontal) Quality includes reliability,…

Documents Game Theory

What economists call game theory psychologists call the theory of social situations, which is an accurate description of what game theory is about. Although game theory is…

Documents Game Theory

Game Theory Topic 6 Strategic Moves “The power to constrain an adversary depends upon the power to bind oneself.” - Thomas Schelling Credibility  Review  Cooperation…