PPT-Topic 8: Oligopoly and game theory

Topic 8 Part 1 30 May 2013 Date A ntitrust Economics 2013 David S Evans University of Chicago Global Economics Group Elisa Mariscal CIDE ITAM CPI Overview Role of Oligopolies in the Economy. Glen Weyl University of Chicago Lecture 15 Turbo Section Elements of Economic Analysis II Fall 2011 Weyl Fall 2011 Oligopoly brPage 2br Classical theories of oligopoly Stiglers theory of collusion Conjectural variations as a unifying framework Courn 11.203 Kinked Demand Curve Theory Game Theory Ad apted from Parkin (2003) 6 th ed. October 28, 2010 Revised 10/28/2010 at 1pm 1 Kinked Demand Curve Theory Remember: In oligopoly, the quanti Presented by: Zhenhuan Sui. Nov. 24. th. , 2009. Definition. Game Theory: applied mathematics in social sciences, especially economics. It is to mathematically find behaviors in strategic situations in which an individual person's successful choices depend on the choices of others. It tries to find the equilibriums in the games in which each player uses a strategy that they are unlikely to change. . 1 ECON241 (Fall 20 10 ) 17 . 11 . 20 10 (Tutorial 9 ) Sequential Move Games and Subgame Perfect Equilibrium  A sequential move game could be represented by the extensive form (game tree) and Professor Nicolas Petit, University of Liege. OECD Roundtable on Oligopoly Markets, 16 June 2015. Goals of the . presentation. Case for more . ex post . enforcement. . against. . tacit. collusion. According to the folks at Wikipedia, a game may be considered as an applied game or serious game if it has for its purpose objectives that are distinguished from those purely of entertainment. The adjective “serious” is used to refer to industries related to education, defense, health care, science, planning of cities, emergency management, politics or even engineering.. Aims. Explain the meaning of oligopoly. Key Concepts. Oligopoly. Collude. Cartels. Price War. An oligopoly occurs when a few firms dominate a market.. In the UK. Car industry. The petrol market. The airline industry. What is Game Theory?. It is . a tool used to analyze strategic behavior . and trying . to maximize . his/her payoff . of the game by anticipating the actions of the other players and responding to them . Nima. . Namvar. PhD Student. Outline. Introduction. Matching . Games. Stackelberg. Games. Coalition Games. Future works. . Part1: . Introduction. Multi-agent Systems. Agent . capabilities:. Sensing the environment. Author: . Neil . Bendle. Marketing Metrics Reference: Chapter 7. © 2014 Neil . Bendle. and Management by the Numbers, Inc.. Game Theory studies competitive and cooperative interactions.. Despite often using terms such as “players” and “games”, the ideas apply to markets and managers.. Chapter 15. Outline. Cartels. The Prisoner’s Dilemma. Oligopolies. When Are Cartels and Oligopolies Most Successful?. Government Policy toward Cartels and Oligopolies. Business Strategy and Changing the Game. Game theory . to analyze strategic behavior:. Given a strategic environment (a “game”), and an assumption about like behavior (e.g. Nash Equilibrium), we can predict what will happen.. Mechanism design . Economics of Oligopoly Topic 3.3. 9 Economics of Oligopoly Topic 3.3. 9 Students should be able to: Understand the characteristics of this market structure with particular reference to the interdependence of By Mike Reynolds. Email: M.Reynolds2@bradford.ac.uk. DEE 2011 -. Slide . 1. Session Outline. Introduction. Example Game. A Closer Look. Extending the Game. DEE 2011 . - . Slide . 2. Introduction. Meister (1999).