Lecture13_GameTheory3_Econ121_Fall2010

Lecture13_GameTheory3_Econ121_Fall2010 - Lecture 13 Game...

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Click to edit Master subtitle style  4/28/11 Lecture 13 Game Theory 3 Econ 121: Industrial Organization UC Berkeley Fall 2010 Prof. Cristian Santesteban
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 4/28/11 Overview DOJ vs. Visa, MasterCard, and Amex Mixed Strategies Repeated Games
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 4/28/11 DOJ vs. Visa, MasterCard, and Amex Govt. is suing the three largest credit card companies. DOJ reached a settlement with Visa and MasterCard but not with Amex. Many expect the case to go to trial. Lots of economics and economists will be involved.
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 4/28/11 DOJ vs. Visa, MasterCard, and Amex Case involves fees that the credit card companies charge to merchants (retailers) each time a consumer uses their card. Credit card companies charge different fees – product differentiation. Each credit card company charges different merchants in different industries different fees – price
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 4/28/11 DOJ vs. Visa, MasterCard, and Amex DOJ’s complaint focuses on
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