'Bertrand model' diaporamas de présentation

Oligopoly

Oligopoly. Characteristics Small number of firms Product differentiation may or may not exist Barriers to entry. Oligopoly. Examples Automobiles Steel Aluminum Petrochemicals Electrical equipment Computers. Oligopoly. The barriers to entry are: Natural Scale economies Patents

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2013-14, spring term

EC930 Theory of Industrial Organisation Collusion and Cartel stability Facilitating Practices (week 6). 2013-14, spring term. Outline. The incentive to collude and the incentive to deviate Tacit Collusion (more detailed outline to follow in body of presentation).

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Chapter 12

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Chapter 16 Game Theory and Oligopoly

Chapter 16 Game Theory and Oligopoly. Figure 16.1 The monopoly equilibrium. The monopoly equilibrium. This chapter uses the following linear market demand curve: p=100-y Assume that each firm in the industry has a marginal/average/unit cost of $40. MR= 100-2y

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Model Oligopoli

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chapter :

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Nash Equilibrium

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The Effect of Competition

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PRODUCT DIFFERENTIATION

PRODUCT DIFFERENTIATION. The objective of product differentiation is to increase profits by increasing demand and decreasing the price elasticity of demand . Common forms of differentiation include location , service, physical characteristics and subjective image differences .

381 views • 11 slides