PPT-Unit-2 Market Structure and Game Theory

Monopoly Meaning A m onopoly is a market structure characterized by a single seller or producer that controls the entire supply of a particular good or service This dominance gives the monopoly significant market power allowing it to. 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. . for . Autonomous Self-Reconfigurations . in . Modular Self-Reconfigurable Robots. Zach . Ramaekers. Computer Science. University of Nebraska at Omaha. Advisor: Dr. Raj Dasgupta. 1. Modular Self-Reconfigurable Robots (MSRs) – What and Why. 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.. Lecture 1 - Introduction. 1. Agenda. Introduction. to Game Theory. Basic. Game Theory Examples. Strategic. Games. More. Game Theory Examples. Equilibrium. Mixed Strategy. 2. The study of Game Theory in the context of Computer Science, in order to reason about problems from computability and algorithm design.. Chapter 13.1. Market Structure. Market structure: establishes the overall environment within which each firm operates. .. Number and size distribution of buyers and sellers. Type of product for sale. Presented by Dr. Monika Aggarwal. . Post Graduate Govt. College, CHD. 1. Objectives of the Study. Understand the theories of the . relationship. . between capital structure and the value of the firm. 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.. 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 . Market structure – identifies how a market . is made up in terms of:. The number of firms in the industry. The nature of the product produced. The degree of monopoly power each firm has. The degree to which the firm can influence price. Market Structure: Monopoly. Intro to Monopolies. Monopoly is exact opposite of perfect competition. Monopoly – one supplier of a good . Demand curve for the firm = demand curve for the market. Market Structure: Monopoly. 1. 1. . Two Approaches to the Study of Industrial Organization . 1.1.1 The Structure-Conduct-Performance (SCP) Approach. Empirical approach developed . by Edward Mason and Joe Bain in the 1940s and 1950s. . competitiON. P.V. Viswanath. FIN 663, . Financial Strategy and Business Decisions. Why Game Theory?. equilibria. We saw previously (in the module on Capital Structure and Stockholder Incentives) that the existence of debt could cause debt overhang...