'Cournot nash equilibrium' presentation slideshows

Course outline I

Course outline I. Introduction Game theory Price setting monopoly oligopoly Quantity setting monopoly oligopoly Process innovation. Homogeneous goods. Quantity and cost competition. Bertrand versus Cournot Simultaneous quantity competition (Cournot)

813 views • 66 slides

Cournot versus Stackelberg

x 1 x 2. Cournot versus Stackelberg. Cournot duopoly (simultaneous quantity competition) Stackelberg duopoly (sequential quantity competition). x 1. x 2. Homogeneous duopoly (linear case). Two firms (i=1,2) produce a homogenous goods. Outputs: x 1 and x 2 , X= x 1 +x 2

997 views • 42 slides

Oligopoly-I

Oligopoly-I. Topics to be Discussed. Oligopoly Cournot & Stackelberg models Reaction curves A non-trivial example & a much simpler textbook example. Characteristics of Oligopoly. Small number of firms Product differentiation may or may not exist Barriers to entry Natural Scale economies

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L22

181 views • 16 slides

Chapter 10

Chapter 10. Strategic Price Setting. Figure 10.1. Price-Setting Game (profits in millions of dollars). Figure 10.2. Trigger Pricing. Figure 10.3. Solving for Profit-Maximizing Quantity for a Single Firm with N competitors.

181 views • 10 slides