Unformatted text preview: b. Solving utility maximization problems with endowments or simple production 3. Drawing an Edgeworth box 4. Definitions: Contract Curve, Walrasian Equilibrium, Competitive Equilibrium, Social Planner Problem, Externalities. Game Thoery 1. Normal Form and Extensive Form Games 2. Sequential vs Simultaneous move games 3. Definitions: Nash Equilibrium, Equilibrium in Dominant Strategies, Pure Strategy NE, Mixed Strategy NE. 4. Know how to find Pure and Mixed Strategy NE in simple 2x2 or 3x3 games. 5. Cournot, Bertrand, Stackleburg Oligopoly games a. Reaction Functions b. Entry and Exit c. Hotelling Line Games (Will be covered in recitation on Friday) Externalities/Public Goods 1. Definition of Externalities a. Externalities in General Equilibrium 2. Definition of Public Goods a. Tragedy of the Commons...
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This note was uploaded on 02/01/2008 for the course ECON 14.04 taught by Professor Izmalkov during the Fall '06 term at MIT.
 Fall '06
 Izmalkov
 Externalities, Game Theory, Monopoly, Public Good, Utility

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