Slide 11 W3C Rules Interchange Format Basic Logic Dialect Chris Welty IBM Research & RIF WG co-Chair Slide 2 2 Rules, rules, rules… Slide 3 3 The Web Standards Slide…

Slide 1Strategic competition among the few –Strategic competition is analysed using game theory Need to revise 2 person simultaneous move games and Nash equilibrium Slide…

Slide 1Strategic competition and collusion Oligopolists need to ensure that they all restrict output – collusion is sustained AND (in the same way as monopolists) they…

Slide 1Eliciting Honest Feedback 1.Eliciting Honest Feedback: The Peer-Prediction Model (Miller, Resnick, Zeckhauser) 2.Minimum Payments that Reward Honest Feedback (Jurca,…

Slide 1Monopoly and Antitrust Slide 2 Inefficiency of Monopoly Competitive Outcome P = P C = MC Q = Q C Monopoly Outcome P M > P C = MC Q = Q M < Q C MR D MC QMQM PMPM…

Slide 1Problem 10.4: Sealed-bid, first Price Auction Independent private values Probability is ¾ that a bidder has value H and ¼ that bidder has value L, where H>3>L>2.…

Slide 1Math Intro: Matrix Form Games and Nash Equilibrium Slide 2 Let’s start with an informal discussion of what a game is and when it’s useful… Slide 3 Components…

Slide 1Clicker Question-A Chicken Game 0, 0 0, 1 1, 0 -10, -10 Swerve Hang Tough Swerve Hang Tough Player 2 Pllayer 1 Does either player have a dominant strategy? A) Yes…

Slide 1Econ 522 Economics of Law Dan Quint Spring 2014 Lecture 4 Slide 2 1  HW1 due noon Thursday via Learn@UW  If you want to read ahead for Wednesday:  Harold…

Slide 11 Economics 776 Experimental Economics First Semester 2007 Topic 5: Coordination Games Assoc. Prof. Ananish Chaudhuri Department of Economics University of Auckland…