'Cournot duopoly' presentation slideshows

Deep Thought

644 views • 50 slides

Principles of Game Theory

Principles of Game Theory. Continuous Strategies: Theory and Applications. Administrative. Quiz 2 next week Problem Set 2 posted A bit longer / harder (not impossible). Topics. Normal form games with >3 players Mathematical introduction Introducing notation for what you already know.

444 views • 24 slides

Bayesian Games

Bayesian Games. Yasuhiro Kirihata University of Illinois at Chicago. Outline. Game in strategic form Bayesian Game Bayesian Equilibrium Examples - Battle of Sexes with incomplete information - Cournot Duopoly with incomplete information. Game in strategic form.

408 views • 18 slides

Bayesian Games

Bayesian Games. Yasuhiro Kirihata University of Illinois at Chicago. Outline. Game in strategic form Bayesian Game Bayesian Equilibrium Examples - Battle of Sexes with incomplete information - Cournot Duopoly with incomplete information. Game in strategic form.

189 views • 18 slides

Price-Output Determination in Oligopolistic Market Structures

Price-Output Determination in Oligopolistic Market Structures. We have good models of price-output determination for the structural cases of pure competition and pure monopoly. Oligopoly is more problematic, and a wide range of outcomes is possible. Cournot Model 1.

635 views • 12 slides

Some examples in Cournot Competition

Some examples in Cournot Competition. Cournot Duopoly. A duopoly with inverse demand P = a-bQ (P/Q:market price/quantity) ci: the constant marginal cost of Firm i Each firm chooses qi to max. its profit Firm 1 chooses q1 to Max (a-bQ-c1)q1 Firm 2 chooses q2 to Max (a-bQ-c2)q2.

568 views • 11 slides

215 views • 11 slides