Monopolistic competition and oligopoly are defined, explained, and used to understand real-world markets. Game theory, or strategic decision making, is introduced and used to demonstrate how to make better decisions in numerous situations when other individuals and groups are affected by a choice or strategy. Repeated games, sequential games, and first-mover advantage are carefully presented and considered.
oligopoly game theory pdf download
A measure of preemption captures the difference between a firm's strategy in a subgame perfect equilibrium and the strategy in a counterfactual world where the firm does not act on preemptive motives. This paper proposes a new measure of preemption in dynamic oligopoly games. I identify the advantages of this new measure over other methods proposed in the literature and apply the measure in an empirical analysis.
Follow along in order of the activities shown below. Some are interactive game-based activities, designed to test your understanding and application of oligopoly. Others are based on short videos, including activities for you to think about and try at home, as well as some extra worksheet-based activities. 2ff7e9595c
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