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Unformatted text preview: ii. Income effect d. Other goods i. Perfect substitutes ii. Perfect complements: goods that are consumed in a constant ratio iii. Neutral: MU=0 iv. Bad: MU<0 v. Normal vi. Inferior vii. Giffen B. Strategic interaction, economist style: Game Theory 1. Basics a. Payoff matrix b. Nash equilibrium c. Dominant strategy equilibrium 2. Examples III. NEXT TIME A. Finish Chapter 11: “Game Theory…”...
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This note was uploaded on 01/16/2012 for the course ECON 2010 taught by Professor Roussel during the Spring '08 term at LSU.
- Spring '08