'Cournot nash equilibrium' diaporamas de présentation

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)

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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

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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

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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.

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